Question
The local bookstore must determine how many of each of the four new books on photonics it must order to satisfy the new interest generated
The local bookstore must determine how many of each of the four new books on photonics it must order to satisfy the new interest generated in the discipline. Book 1 costs $60, will provide a profit of $12, and requires 3 inches of shelf space. Book 2 costs $75, will provide a profit of $10, and requires 4 inches of shelf space. Book 3 costs $100, will provide a profit of $8, and requires 2 inch of shelf space. Book 4 costs $65, will provide a profit of $15, and requires 2 inches of shelf space. Find the number of each type that must be ordered to maximize profit. Total shelf space is 150 inches. Total amount available for ordering is $4000. It has been decided to order at least 10 Book 2. (1) Establish the model of the optimisation problem (LP with 4 variables). State clearly in words what the decision variables are, what the objective function and the equation/inequality constraints represent.
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