Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Wright-Rentals rents boats on a daily basis. Currently they have zero boats and need to establish their fleet for the next season. They have
Wright-Rentals rents boats on a daily basis. Currently they have zero boats and need to establish their fleet for the next season. They have three basic types of boats they can purchase: sail boats, ski boats, and party boats. They have three constraints they must deal with each day. They only have 48 labor hours (8 workers at 6 hr./worker) available for cleaning boats when they are returned at night. They only have 100 minutes of setup time each morning (2 workers at 50min./worker). There is also only 400 square feet of storage space available in their yard. The resource requirements per day and the rental profit per day for each type of boat is as follows: Boat Rental Class Sail Ski Party Amount of Resource Available Cleaning time 2 hrs. 2 hrs. 4 hrs. 48 hours Setup time 0 min. 2 min. 8 min. 100 minutes Storage Space 28 sq. ft. 12 sq. ft. 24 sq. ft. Rental Profit $75 day $35 day $100 day 400 sq. ft. Notice there is no setup time for sail boats because they do not have motors that must be fueled and maintained. Wright-Rentals believes they can rent all the boats they have available every day. Formulate and solve a linear program to determine how many of each type boat Wright- Rentals should purchase to maximize their rental profits. If solver gives you a non-integer solution for a boat type that is OK for this question! For instance solver could find 2.5 ski boats as optimal and that would be the correct answer to this question.
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