Answered step by step
Verified Expert Solution
Question
1 Approved Answer
question no 5988681. please answer on excel instead of hand written I need the answer as soon as possible Please. And I will Give Upvote
question no 5988681. please answer on excel instead of hand written I need the answer as soon as possible Please. And I will Give Upvote
A company manufactures outdoor furniture consisting of regular chairs, rocking chairs, and chaise lounges. Each piece of furniture passes through three different production departments: fabrication, assembly, and finishing. Each regular chair takes 1 hour to fabricate, 2 hours to assemble, and 3 hours to finish. Each rocking chair takes 2 hours to fabricate, 2 hours to assemble, and 3 hours to finish. Each chaise lounge takes 3 hours to fabricate, 4 hours to assemble, and 2 hours to finish. There are 2.500 labor-hours available in the fabrication department, 3,000 in the assembly department, and 3,500 in the finishing department. The company makes a profit of $17 on each regular chair, $24 on each rocking chair, and $31 on each chaise lounge. (A) How many chairs of each type should the company produce in order to maximize profit? What is the maximum profit? (B) Discuss the effect on the optimal solution in part (A) if the profit on a regular chair is increased to $25 and all other data remain the same. () Discuss the effect on the optimal solution in part (A) if the available hours on the finishing department are reduced to 3,000 and all other data remain the sameStep 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