The problem below involves three variables. Solve it with the simplex method, Excel, or some other technology A contractor builds three types of houses: the Aries, the Belfaic and the Wexford. The following table gives the number of lots, labor-hours and the amount of capital needed for each type of house. There are 13 lots, $2,400 labor-hours, and $3,684,200 of capital available for the contractor's use. The profit on the Aries is $20,000, the profit on the Belfair is $25,000 and the profit on the Wexford is $30,000. Aries Belfair Lots Belfair Wexford 1 3,000 $205,000 1 3,700 $279,600 Labor-hours 5,000 Capital $350,000 (a) Building how many of each type of house will maximize his profit? Aries houses houses houses Wexford (b) What is the maximum possible profit?
The problem below involves three variables. Solve it with the simplex method, Excel, or some other technology A contractor builds three types of houses: the Aries, the Belfaic and the Wexford. The following table gives the number of lots, labor-hours and the amount of capital needed for each type of house. There are 13 lots, $2,400 labor-hours, and $3,684,200 of capital available for the contractor's use. The profit on the Aries is $20,000, the profit on the Belfair is $25,000 and the profit on the Wexford is $30,000. Aries Belfair Lots Belfair Wexford 1 3,000 $205,000 1 3,700 $279,600 Labor-hours 5,000 Capital $350,000 (a) Building how many of each type of house will maximize his profit? Aries houses houses houses Wexford (b) What is the maximum possible profit?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
Related questions
Question
Transcribed Image Text:The problem below involves three variables. Solve it with the simplex method, Excel, or some other technology.
A contractor builds three types of houses: the Aries, the Belfaic and the Wexford. The following table gives the number of lots, labor-hours and the amount of capital needed
for each type of house. There are 13 lots, 52,400 labor-hours, and $3,684,200 of capital available for the contractor's use. The profit on the Aries is $20,000, the profit on
the Belfair is $25,000 and the profit on the Wexford is $30.000.
Belfair
Wexford
Locs
Aries
Submit Answer
1
3,000
$205,000
1
Labor-hours
5,000
3,700
$279,600 $350,000
Capital
(a) Building how many of each type of house will maximize his profit?
Aries
houses
houses
houses
(6) What is the maximum possible profit?
$
Belfair
Wexford
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps with 8 images
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
