The GEM maker of jewelry makes two bracelet designs, heart design and flower design. The bracelets are made of gold and platinum. The store has 28 ounces of gold and 20 ounces of platinum. Each heart design bracelet requires 3 ounces of gold and 2.5 ounces of platinum and makes a profit of P2500, while each flower design bracelet requires 4.5 ounces of gold and 3 ounces of platinum and makes a profit of P3400. How many heart design bracelets and flower design bracelets should be produced to maximize the profit? Decision variables Tabulation Objective function and constraints Graph and solution Optimum solution Decision
The GEM maker of jewelry makes two bracelet designs, heart design and flower design. The bracelets are made of gold and platinum. The store has 28 ounces of gold and 20 ounces of platinum. Each heart design bracelet requires 3 ounces of gold and 2.5 ounces of platinum and makes a profit of P2500, while each flower design bracelet requires 4.5 ounces of gold and 3 ounces of platinum and makes a profit of P3400. How many heart design bracelets and flower design bracelets should be produced to maximize the profit? Decision variables Tabulation Objective function and constraints Graph and solution Optimum solution Decision
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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The GEM maker of jewelry makes two bracelet designs, heart design and flower design. The bracelets are made of gold and platinum. The store has 28 ounces of gold and 20 ounces of platinum. Each heart design bracelet requires 3 ounces of gold and 2.5 ounces of platinum and makes a profit of P2500, while each flower design bracelet requires 4.5 ounces of gold and 3 ounces of platinum and makes a profit of P3400. How many heart design bracelets and flower design bracelets should be produced to maximize the profit?
- Decision variables
- Tabulation
- Objective function and constraints
- Graph and solution
- Optimum solution
- Decision
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