Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3- A store wants to liquidate 400 of its shirts and 300 pairs of pants from last season. They have decided to put together two

3- A store wants to liquidate 400 of its shirts and 300 pairs of pants from last season. They have decided to put together two offers, A and B. Offer A is a package of two shirts and three pair of pants which will sell for $20. Offer B is a package of six shirts and three pair of pants, which will sell for $60. The store does not want to sell less than 20 packages of Offer A and less than 10 of Offer B. a. Analyze this problem as a linear programming problem to determine the best mixture of Offer A and Offer B that minimizes the cost while meeting the minimum requirement. What will the maximum profit be? ( 15 marks) Use: X = number of packages of Offer A Y= number of packages of Offer B b. Interpret the problem given above through the following: (a) determine the objective function (2 Marks) and (b) the constraints (4 Marks). c. Write the problem in complete form and solve using graphical method. (5 Marks) d. Determine the value of each feasible point. (2 Marks). Find the optimal solution. (2 Mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Energy Finance And Economics Analysis And Valuation Risk Management And The Future Of Energy

Authors: Betty Simkins, Russell Simkins

1st Edition

1118017129, 978-1118017128

More Books

Students also viewed these Finance questions

Question

=+2. What different types of products exist in the book industry?

Answered: 1 week ago