Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A B C D E F G H K L M Linear Programming Background Machines You are the owner of the machine shop business. You

image text in transcribed
A B C D E F G H K L M Linear Programming Background Machines You are the owner of the machine shop business. You will Machines Press Lathe buy two machines that is Press and Lathe. The price of Profit per machine $ 100.00 $ 150.00 Press is $8,000/unit and Lathe is $4,000/unit. Your budget Resources contraints to purchase both machines is $32,000. The space of Press is Purchase Price S 8,000.00 S 4,000.00 $ 32,000.00 only 15 square meters and Lathe is 30 square meters. Floor Space 15 30 195 The profit you will derive for the use of Press is $100 and Lathe is $150. Problem: Objective Function = 100Press + 150*Lathe What is my maximum Profit? 1 How many Press and Lathe can i buy given my budget? 2 How many Press and Lathe can I buy give the floor space? Problem : 3 How many Press and Lathe can I buy? (use d-point) How Press and Lathe will I buy? 4 What is my Maximum Profit? (objective function)

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

Sell

Authors: Thomas N Ingram ,Raymond W Laforge ,Ramon A Avila ,Charles H Schwepker ,Michael R Williams

6th Edition

133740800X, 978-1337408004

More Books

Students also viewed these General Management questions

Question

LO14.1 Describe the characteristics of oligopoly.

Answered: 1 week ago