Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q3. VanMetals has $3500 available for the production of new products. Wall Inc. will buy all the products they can produce. After an initial screening,

Q3. VanMetals has $3500 available for the production of new products. Wall Inc. will buy all the products they can produce. After an initial screening, VanMetals reduced the production alternatives to tables and chairs. Each table can be produced with a cost of $400. Each chair can be produced for $350. VanMetals can devote up to 100 hours to these new products; each table is expected to require 16 hours, and each chair is expected to require 8 hours. The selling prices are $600 per table and $400 per chair. VanMetals's owner would like to use all-integer linear programming without relaxation to determine the number of tables and the number of chairs to produce to maximize revenue.

  • What are the decision variables? (2 points)
  • What is the objective function for revenue? (3 points)
  • What are the constraints? (4 points)
  • What is the number of tables and the number of chairs to be produced to maximize revenue? (4 points)
  • What is the Maximum revenue they can expect? (3 points)
  • Draw the graphical solution of the all-integer problem. (4 points)

take a picture of all your work and upload the files. (You can use Excel Solver)

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

Stability Analysis Of Nonlinear Systems

Authors: Vangipuram Lakshmikantham, Srinivasa Leela, Anatoly A Martynyuk

2nd Edition

3319272004, 9783319272009

More Books

Students also viewed these Mathematics questions

Question

Select one: a . 0 1 0 1 b . 0 1 1 0 . 0 0 1 1 d . 1 1 0 0

Answered: 1 week ago

Question

A price reduction, or no charge at all, if this is appropriate?

Answered: 1 week ago