using linear progamming simplex method solve this question. maridadi furnitures ltd is planning to make tables and chairs. they both require material and labor time. to manufacture a table and a chair requires 3 units and 4 units of direct material respectively, of which they are 96 units available in a week. marking a table or a chair each takes 6 hours and there are 168 labor hours available in a week. whereas the market for tables in unlimited, only 18 chairs can be sold weekly. the price per table and chairs are $50 ad $60 respectively whereas their unit variable costs are $38 and $40 respectively. fixed costs average $200 per week. advise maridadi ltd on the weekly production schedule in order to maximize contribution to profit.
using linear progamming simplex method solve this question.
maridadi furnitures ltd is planning to make tables and chairs. they both require material and labor time. to manufacture a table and a chair requires 3 units and 4 units of direct material respectively, of which they are 96 units available in a week. marking a table or a chair each takes 6 hours and there are 168 labor hours available in a week. whereas the market for tables in unlimited, only 18 chairs can be sold weekly. the price per table and chairs are $50 ad $60 respectively whereas their unit variable costs are $38 and $40 respectively. fixed costs average $200 per week. advise maridadi ltd on the weekly production schedule in order to maximize contribution to profit.
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