Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. You must make 5 or more chairs for every table. Your answer will be the number of small pieces of wood by your production plan. (The number of tables and chairs must be a whole number.) Use Scenario 1
Your Lego furniture company makes Tables and Chairs. Below, you are given the starting inventory, selling price, and Bill of Materials (recipe, or construction requirements). You are to determine the number of Tables and Chairs to be built to maximize revenue. You must make 5 or more chairs for every table. Your answer will be the number of small pieces of wood by your production plan. (The number of tables and chairs must be a whole number.) Use Scenario 1
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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Step 1
Decision Variables -
x1 - Number of tables
x2 - Number of chair
Objective function -
Max. Z = 35x1 + 29x2
Subject to constraint -
Large wood: 6x1 + 2x2
Small wood: 6x1+4x2 500
Non-negativity constraints : x1,x2
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