4) A carpenter is planning to make chairs and tables with the remaining resources he has...
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4) A carpenter is planning to make chairs and tables with the remaining resources he has left. He plans to sell tables for $50 and chairs $20. A table uses 3 pieces of wood and a chair uses 1 piece of wood. He spends the same time for making a table and chair, 1 hour. He has 12 pieces of wood left and 5 hours available. Formulate the problem and solve this problem as integer programming problem by using branch and bound algorithm to maximize the total profit. 4) A carpenter is planning to make chairs and tables with the remaining resources he has left. He plans to sell tables for $50 and chairs $20. A table uses 3 pieces of wood and a chair uses 1 piece of wood. He spends the same time for making a table and chair, 1 hour. He has 12 pieces of wood left and 5 hours available. Formulate the problem and solve this problem as integer programming problem by using branch and bound algorithm to maximize the total profit.
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Answer Step by Step Explanation let X no should be made Then Z 50x 20y Subject to constraints 3x 12 ... View the full answer
Related Book For
Financial Institutions Management A Risk Management Approach
ISBN: 978-0071051590
8th edition
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
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