8-1 (Production problem) Winkler Furniture manufactures two different types of porcelain cabinets: a Frances Provincial model and a Danes Modern model.Each showcase produced must go through three departments: carpentry, painting and finishing.The following table contains all relevant information regarding production times per showcase and daily production capacities for each operation, as well as net revenue per unit produced.The company has a contract with an Indiana distributor to produce at least 300 of each type of showcase per week (or 60 showcases per day).Owner Bob Winkler wants to determine a product mix that maximizes your daily income.

a) Formulate as a PL problem.

b) Resolve with a PL software or spreadsheet.

8-2 (Investment Decision Problem) Heinlein and Krampf Brokerage Agency has just received instructions from one of its clients to invest $250,000 of their recently obtained money with the sale of land in Ohio.The client has a lot of confidence in the investment house, but he also has his own ideas about the distribution of the funds to be invested.In particular, it asks the agency to select the shares and bonds that they consider to be well classified, although within the following guidelines:

Data for Problem 8-1 CARPENTRY PAINTING FINISHING (HOURS/ (HOURS/ (HOURS/ NET REVENUE/ CABINET STYLE CABINET) CABINET) CABINET) CABINET ($) French Provincial 1.5 0.75 28 Danish Modern w 2 0.75 25 Department capacity (hours) 360 200 125