The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm also has a stock of 3,500 feet of good-quality redwood. Each bench that Outdoor Furniture produces requires 4 labor hours and 10 feet of redwood; each picnic table takes 6 labor hours and 35 feet of redwood. Completed benches will yield a profit of P350 each, and tables will result a profit of P1,000 each. How many benches and tables should Outdoor Furniture produce to obtain the largest possible profit? What is the largest profit? Use the graphical LP approach. (First construct a table of resource requirements and profit).
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm also has a stock of 3,500 feet of good-quality redwood. Each bench that Outdoor Furniture produces requires 4 labor hours and 10 feet of redwood; each picnic table takes 6 labor hours and 35 feet of redwood. Completed benches will yield a profit of P350 each, and tables will result a profit of P1,000 each. How many benches and tables should Outdoor Furniture produce to obtain the largest possible profit? What is the largest profit? Use the graphical LP approach. (First construct a table of resource requirements and profit).
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