A small business enterprise makes shoes and boots. To make one pair of shoes requires 1 2
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A small business enterprise makes shoes and boots. To make one pair of shoes requires hour of cutting and minutes of stitching. To make a pair of boots requires minutes of cutting and hour of stitching. The profit on a pair of shoes is and on a pair of trousers The business operates for a maximum of hours per day.
A Translate the problem into a linear programming one, identifying and writing down the objective function and the constraints.
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Plot a graph to identify the feasible region.
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Algebraically find the optimum number of pairs of shoes and boots that should be sold to maximise profits.
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What is the maximum profit that satisfies the objective function?
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
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