Give an example of a feasible solution

Assignment Help Business Management
Reference no: EM133185814

1. The Outdoor Furniture Corporation manufactures two products, benches and picnic tables. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm also has a stock of 3,500 feet of good-quality redwood.

Each bench that Outdoor Furniture produces requires 6 labor hours and 12 feet of redwood; each picnic table takes 9 labor hours and 40 feet of redwood.

Completed benches will yield a profit of $10 each, and tables will result in a profit of $20 each.

(a) Let B = number of benches to produce and

T = number of tables to produce.

Write down the linear programming model to decide how many benches and tables should be produced to obtain the largest possible profit. Attempt to solve the problem.

(b)  Is B = 70, T = 70 feasible solution? How about B= 70, T = 60?

(c)  Give an example of a feasible solution that yields total profit of at least $2,000. (There are many such solutions.) Decimal numbers are OK.

Reference no: EM133185814

Questions Cloud

What is the current share price : Afterward, the company pledges to maintain a constant 4% growth rate in dividends forever. What is the current share price
Analyze the us trade deficit from pre-recession : Analyze the US trade deficit from pre-recession 12/31/08 through 12/31/20. What are the main factors that have affected the trade deficit during this period and
Is the problem specifically caused by the urban condition : Based on the city in which you live or a city that you are very familiar with, can you think of an environmental problem that is seriously impeding the environm
How financial and non-financial factors are linked : What are the main non-financial factors and why they are as (or more) important in the context of the construction industry? Explore the role of ethics
Give an example of a feasible solution : 1. The Outdoor Furniture Corporation manufactures two products, benches and picnic tables. The firm has two main resources: its carpenters (labor force) and a s
Jurisdiction for international business disputes : A California based company is expanding quickly and has just made its first large export sale. All its sales and procurement contracts up to now have contained
Ethics and enterprise course : For Capella University's , Ethics and Enterprise course, the Personal Ethics Views Essay documents available reference a score they received in their paper. Whe
What is the amount of the net gain related to afs securities : AFS securities on hand at December 31, 2016, have a fair value of $79,000. What is the amount of the net gain related to AFS securities
Differences between the business-to-business : What are the differences between the business-to-business (B2B) and the Business-to-Customer (B2C) business models. What are their primary characteristics?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd