Define objective function and constraints

Assignment Help Operation Management

Reference no: EM133275017

Question: Tom is a habitual shopper at garage sales. Last Saturday he stopped at one where there were several types of used building materials for sale. At the low prices being asked, Tom knew that he could resell the items in another town for a substantial gain. Four things stood in his way: he could only make one round trip to resell the goods; his pickup truck bed would hold only 1200 pounds; the pickup truck bed could hold at most 80 cubic feet of merchandise; and he had only $190 in cash with him. He wants to load his truck with the mix of materials that will yield the greatest profit when he resells them.

Item	Cubic feet per unit	Price per unit	Weight per unit	Can resell for
Studs	1	$0.10	5 pounds	$0.80
Plywood	0.5	$0.50	10 pounds	$3.00
Concrete blocks	2	$0.25	20 pounds	$5.75

Formulate (define objective function and constraints) and solve this problem (using excel solver) as a linear program.

Reference no: EM133275017

Questions Cloud

What is the time between two stock replenishments : MANAGEMENT 15.085J Massachusetts Institute of Technology what is the time between two stock replenishments (in weeks)? Assume Pepsi operates 50 weeks each year

Immigrant population in your community : Based on community-level data, you have identified the need to increase immunization rates in the refugee and immigrant population in your community

What is the car reference for the medical requirements : BUS 604 University of Maryland, Baltimore What is the CAR reference for the Medical Requirements for Private Pilots? and List 6 items that make up required

Abstract works to attract controversy : What do you think causes these more abstract works to attract controversy?

Define objective function and constraints : BUS University of Wisconsin, Whitewater Formulate (define objective function and constraints) and solve this problem (using excel solver) as a linear program

Similarities between information literacy-computer literacy : Examine the differences and similarities between information literacy and computer literacy. Online education is expanding, especially with the COVID epidemic.

Evaluate and describe types of system integration : OPERATION FMT302 Singapore University of Social Sciences Evaluate and describe TWO (2) types of system integration that are likely to take place.

Why is louis xiv reign considered the height of absolutism : Why is Louis XIV's reign considered the height of Absolutism? In what ways did Louis XIV actually have absolute control

Calculate the company weighted average costs of capital : The Expanding Capital Corporation has a current capital structure of $15 million in secured bonds paying 6.5% annual interest, $10 million in preferred stock wi

User Account

All Pages