Question
1. It's time to lock down the design details for the redesigned Brick and Egyptian candles. Because of manufacturing constraints, the base length for each
1.It's time to lock down the design details for the redesigned Brick and Egyptian candles. Because of manufacturing constraints, the base length for each candle has to be at least 2 centimeters, but it can be no more than 10 centimeters. Make a recommendation for the base dimensions of each candle. Tell how you determined your base dimensions. Your reasoning does not have to be all math related.
2.You're instructed to prepare for a promotional candle sale you will use to test the popularity of the two redesigned candles. Wicks, labor, and other costs add about $1.60 to the cost each candle.
Suggest a retail price for each candle that will cover costs and allow for some profit. Tell how you determined these prices. Your reasoning does not have to be all math related, but should include specific values derived from your calculations.
3.You ask the production team to make some candles for the sale. The team is not sure how many they can produce in your short time frame, so they ask for an acceptable range for how many of each candle they should make.
Use your costs and recommended retail prices to linear programming model to show the executives possible profits for selling certain numbers of each type of candle during this promotion. Decide on the constraints for the numbers of candles made for the sale and explain your reasoning for these constraints. Graph the feasible region and find maximum and minimum profits. (don't make a model for me just tell me how to do it.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started