Question
A furniture manufacturer makes squaredining tables, round dining tablesand chairs.EachsquaretableneedsRM40ofrawmaterialsandtakes12hourstomake. EachroundtableneedsRM50ofrawmaterialsandtakes14hoursworking time.EachchairneedsRM40ofrawmaterialsandtakes16hourstomake.Hemustmakeatleast4 timesasmanychairsastables. There are 500 hours available and RM1500 ofrawmaterials. Eachchairmakes RM40profiteachsquare table makes
A furniture manufacturer makes squaredining tables, round dining tablesand chairs.EachsquaretableneedsRM40ofrawmaterialsandtakes12hourstomake. EachroundtableneedsRM50ofrawmaterialsandtakes14hoursworking time.EachchairneedsRM40ofrawmaterialsandtakes16hourstomake.Hemustmakeatleast4 timesasmanychairsastables. There are 500 hours available and RM1500 ofrawmaterials. Eachchairmakes RM40profiteachsquare table makes RM30 profit and each roundtablemakesRM35profit. Formulate and solve the linear programming problem so that the manufacturer maximizes its profit.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
