Complete the lp model-graph and solutions

Assignment Help Operation Management

Reference no: EM13760875

Complete the LP model, graph, and solutions

David plans to start a new business called Rafting Explorers, which will rent canoes and kayaks to people to travel 10 miles down the Patapsco River in Maryland State Park. He has $45,000 to purchase new boats. He can buy the canoes for $600 each and the kayaks for $750 each. His facility can hold up to 65 boats. The canoes will rent for $25 a day, and the kayaks will rent for $30 a day. How many canoes and how many kayaks should he buy to earn the most revenue if all boats can be rented each day?

a. Formulate a linear programming model for this problem

b. Solve this model by using graphical analysis

Reference no: EM13760875

Questions Cloud

Determine that the project completion time : Using PERT, Adam Munson was able to determine that the project completion time for his home is 32 months with a project variance of 25 months. A) What is the probability that the project will be completed in 40 months? B) What is the probability that..

Cars may be violating clean air emissions standard : An environmental agency worries that many cars may be violating clean air emissions standards. The agency hopes to check a sample of vehicles in order to estimate that percentage with a margin of error of 6% and 90% confidence. To gauge the size of t..

What is the difference between leadership and management : What is the difference between leadership and management? How do these differences impact you in relation to those you report to and those that report to you?

Why should organizations identify and use best practices : Why should organizations identify and use best practices? What are some of the things that alpha project managers do differently from other project managers? Describe the project management maturity model and why it benefits organizations.

Complete the lp model-graph and solutions : David plans to start a new business called Rafting Explorers, which will rent canoes and kayaks to people to travel 10 miles down the Patapsco River in Maryland State Park. He has $45,000 to purchase new boats. He can buy the canoes for $600 each and..

Energy flow chart : Describes the major categories of organisms, producers and consumers.

Should a business engage in commerce in countries : The purpose of business is to make money. Should a business engage in commerce in countries that have not accepted the CISG platform? Why or why not?

Write paper that presents your decision and supports : Baxter Manufacturing Company (BMC) is a leader in deep-drawn stampings. It has been in business since 1978 as a privately held company. Write a two (2) page paper that presents your decision and supports it with evidence from the course text, lectu..

Text as a service design issue is the moment of truth : One concept presented in your text as a service design issue is the Moment of Truth, the critical moment of interaction between the service provider and the customer that exemplifies, enhances, or detracts from the customers’ expectations.

User Account

All Pages