Formulate a linear programming model for this problem

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Question - The Finewood Funrniture Company produces chairs and tables from two resources- labor and wood. The company has 80 hours of labor and 36 board-ft. of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hours of labor and 6 board-ft. of wood. The profit derived from each chair is $400 and from each table, $100. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.

a) Formulate a linear programming model for this problem.

b) Solve the above linear programming problem using excel solver and show your results here.

Reference no: EM133284123

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