Reference no: EM132922745
A large sporting goods store is placing an order for bicycles with its supplier. Four models can be ordered: the adult Open Trail, the adult Cityscape, the girl's Sea Sprite, and the boy's Trail Blazer. It is assumed that every bike ordered will be sold, and their profits, respectively, are 30, 25, 22, and 20. The LP model should maximize profit. There are several conditions that the store needs to worry about. One of these is space to hold the inventory. An adult's bike needs two feet, but a child's bike needs only one foot. The store has 500 feet of space. There are 1200 hours of assembly time available. The child's bike need 4 hours of assembly time; the Open Trail needs 5 hours and the Cityscape needs 6 hours. The store would like to place an order for at least 275 bikes. LP formulation is given by
- X1 : the number of the adult Open Train bike ordered
- X2 : the number of the adult Cityscape bike ordered
- X3 : the number of the girl's Sea Sprite bike ordered
- X4 : the number of the boy' Trail Blazer bike ordered
max 30·X1 +25·X2 +22·X3 +20·X4 2·X1 +2·X2 +X3 +X4 ≤500 5·X1 +6·X2 +4·X3 +4·X4 ≤1200 X1 +X2 +X3 +X4 ≥275 X1,X2,X3,X4 ≥ 0
StorageSpace Assemblytime SalesOrder
(1) Generate the sensitivity report using microsoft excel and embed the excel sheet into microsoft word document.
(2) How many of each kind of bike should be ordered and what will the profit be?
(3) Which resource should the company work to increase, storage space or assembly time?