Shivani founded a company that specializes in hànd-crafted wooden fürniture. She is planning to devote their production capacity this week to producing up to three different products: a dining table, a dining chair, and a sleigh bed. The machine-hours required for each unit of the respective products, along with the available capacity of the machines, are summarized in the table below. The unit profits would be $250, $100, and $350 for the table, chair, and bed, respectively. How many of each product should Shivani produce so as to maximize profits? Build a linear programming spreadsheet model, and solve it using Solver. Machine-Hours Required per Unit Dining Table Dining Chair Available Time Sleigh Bed (machine-hours per week) 1575 Milling Machine Lathe 3 2 3 2000 Grinder 2 900
Shivani founded a company that specializes in hànd-crafted wooden fürniture. She is planning to devote their production capacity this week to producing up to three different products: a dining table, a dining chair, and a sleigh bed. The machine-hours required for each unit of the respective products, along with the available capacity of the machines, are summarized in the table below. The unit profits would be $250, $100, and $350 for the table, chair, and bed, respectively. How many of each product should Shivani produce so as to maximize profits? Build a linear programming spreadsheet model, and solve it using Solver. Machine-Hours Required per Unit Dining Table Dining Chair Available Time Sleigh Bed (machine-hours per week) 1575 Milling Machine Lathe 3 2 3 2000 Grinder 2 900
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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