Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A real estate broker is responsible for selling homes in a new development. There will be two types of floor plans: Model 1 and Model

A real estate broker is responsible for selling homes in a new development. There will be two types of floor plans: Model 1 and Model 2. Each Model 1 will require 0.6 acres of land, and each Model 2 will require 1.0 acre of land. Twelve acres of land are available. The broker already has orders for three Model 1 and four Model 2 homes, and the contractor has requested that no more than 10 Model 1 homes be sold because of other circumstances. The broker also wants to use at most 130 maple trees to landscape the development. Each Model 1 and Model 2 home will receive nine maple trees. The broker receives commissions of $15,000 to sell each Model 1 home and $8,000 to sell each Model 2 home. The broker wants to determine the number of Model 1 and Model 2 homes to maximize his commissions. Formulate a linear programming model. [Note: x1= the number of Model 1 homes. x2= the number of Model 2 homes]
Which of the following objective functions is correct?
MinZ=15,0001+8,0002
MaxZ15,0001+8,0002
MaxZ=15,0001+8,0002
image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Introduction to Management Science

Authors: Bernard W. Taylor

12th edition

133778843, 978-0133778847

More Books

Students also viewed these General Management questions