1. What is the optimal solution for Mandy? 2. What is the number of necklaces, bracelets, rings, and earrings Mandy should stock? 3. What happens if Mandy stocks more earrings than the 125 she has? 4. Which constraints are binding? 5. What would happen if the first constraint's right hand side decreased by 12 and the third constraint's increased by 15? (Use 100% Rule) 6. Which item should Mandy consider carrying more in her display cases? Why? A jeweler needs to determine how many necklaces, bracelets, rings, and earrings she should stock to achieve maximum profit. Mandy assumes that every piece will be sold. The following table describes her constraints for this linear programming problem: 100 Necklaces 120 Bracelets 150 Rings 125 Earrings Available display case space in units 1 2 2 Time to set up display 3 5 1 Mandy has a limit of 108 units of display case space available. Mandy has 120 minutes of time each week to set up her displays. Mandy's budget for marketing her necklaces and earrings is limited to $25 and her budget for marketing her bracelets, rings and earrings is greater than $50. 1. Identify the following variables: X1 is X3 is X2 is X4 is 2. Please list your constraints here: Max 100X1 + 120X2 +150x3 +125X4 Constraint 1--- Constraint2-- Constraint 3---- Constraint 4- Constraint 5---X1,X2,X3,X4 > Use your management scientist and complete a computer printout of your problem. 1. What is the optimal solution for Mandy? 2. What is the number of necklaces, bracelets, rings, and earrings Mandy should stock? 3. What happens if Mandy stocks more earrings than the 125 she has? 4. Which constraints are binding? 5. What would happen if the first constraint's right hand side decreased by 12 and the third constraint's increased by 15? (Use 100% Rule) 6. Which item should Mandy consider carrying more in her display cases? Why? A jeweler needs to determine how many necklaces, bracelets, rings, and earrings she should stock to achieve maximum profit. Mandy assumes that every piece will be sold. The following table describes her constraints for this linear programming problem: 100 Necklaces 120 Bracelets 150 Rings 125 Earrings Available display case space in units 1 2 2 Time to set up display 3 5 1 Mandy has a limit of 108 units of display case space available. Mandy has 120 minutes of time each week to set up her displays. Mandy's budget for marketing her necklaces and earrings is limited to $25 and her budget for marketing her bracelets, rings and earrings is greater than $50. 1. Identify the following variables: X1 is X3 is X2 is X4 is 2. Please list your constraints here: Max 100X1 + 120X2 +150x3 +125X4 Constraint 1--- Constraint2-- Constraint 3---- Constraint 4- Constraint 5---X1,X2,X3,X4 > Use your management scientist and complete a computer printout of your