Concept explainers
a)
To determine: number of necklaces and bracelets to produce maximum profit of the jewellery shop by formulating linear programming and solve it.
Introduction: Linear programming is used to obtain the best possible outcome from the given real-world problem which is subjective to constraints and inequalities. It is used to make decisions based on business objectives. It is used in business planning, industrial engineering, and physical science. Express the real-world problem into the mathematical expression to get the optimal solution from the linear programming.
b)
To determine: if the store produces the maximum bracelet and necklace will it meet the maximum demand for the bracelet.
c)
To determine: profit for the necklace would result in no bracelet being reduced.
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Operations and Supply Chain Management 9th edition
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