Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Furniture Scenario A furniture company produces sofas, tables, and chairs. The primary resource requirements for each sofa, table, and chair are shown below: Wood
Furniture Scenario A furniture company produces sofas, tables, and chairs. The primary resource requirements for each sofa, table, and chair are shown below: Wood (lb) Upholstery (yd) Labor (hr) 12 6 Sofa 7 9 Table 5 7 5 Chair The company currently has 2250 pounds of wood, 1000 yards of upholstery, and 240 hours of labor available. The profit per sofa is $400, per table is $275, and per chair is $190. The company wants to decide how many sofas, how many tables, and how many chairs to produce to maximize profit. Let xs = the number of sofas to produce, XT = the number of tables to produce, and xc = the number of chairs to produce. [Source: adapted from Taylor (2004)] The objective function is: O Profit = 2250xS+ 1000xT + 240xC O Profit 400xS+ 275xT + 190xC O Profit 25xS+ 14xT+ 17xC Profit =865(xS + xT + xC)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started