Find the combination of the small and large toys

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Reference no: EM131785204

You have enough wood to make 24 small toys or 6 large ones. In other words, the large toys require 4 times the amount of wood as the small toys. You only have time to make 16 of the small toys or 8 of the large toys. The small toys sell for $15 each, while the larger toys bring $45 each. Find the combination of the small and large toys that maximizes your revenue dollars.

Let S=# of small toys, L= # of large toys, R= revenue from sales, W= wood used, and T=time used

1. Formulate the problem:

a. State the objective function

b. State the constraints

2. Solve the problem:

a. Graphically

b. Corner Point solution method

Reference no: EM131785204

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