Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Linear Programming X - Wood Deal Takes 6 weeks to close 15 hours of Admin time Account size is $20,0000 Commissions are $2,000 Y -
Linear Programming
- X - Wood Deal
- Takes 6 weeks to close
- 15 hours of Admin time
- Account size is $20,0000
- Commissions are $2,000
- Y - Plastic Deal
- Takes 10 weeks to close
- 20 hours of admin size
- Account size is $100,000
- Commissions are $3,500
- Z - Iron Deal
- Takes 15 weeks to close
- 30 hours of admin size
- Account size is $150,000
- Commissions are $4,700
Some of the other constraints are that we can only complete 8 meetings per week and the admin time is limited to 10 hours per week
X,Y,Z are binary variables
Define the objective function; Minimize the cost function and then write the each constraint.
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