Question: 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

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 needs 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. The LP problem formulated is as follows: MAX 30 X1+25 X2+22X3+20 X4 SUBJECT TO 2)2 X1+2 X2+ X3+ X4<=500(Inventory Storage Space in feet)3)5 X1+6 X2+4 X3+4 X4<=1200(Assembly time in hours)4) X1+ X2+ X3+ X4>=275(No. of bikes to order) The computer output for this LP problem is as follows: OBJECTIVE FUNCTION VALUE 1)6850.0000 VARIABLE VALUE REDUCED COST X1100.0000000.000000 X20.00000013.000000 X3175.0000000.000000 X40.0000002.000000 ROW SLACK OR SURPLUS DUAL PRICE 2125.0000000.00000030.0000008.00000040.000000-10.000000 NO. ITERATIONS =2 RANGES IN WHICH THE BASIS IS UNCHANGED: OBJ. COEFFICIENT RANGES VARIABLE CURRENT COEFFICIENT ALLOWABLE INCREASE ALLOWANCE DECREASE X130.000000 INFINITY 2.500000 X225.00000013.000000 INFINITY X322.0000002.0000002.000000 X420.0000002.000000 INFINITY RIGHT HAND SIDE RANGES ROW CURRENT RHS ALLOWABLE INCREASE ALLOWANCE DECREASE 2500.000000 INFINITY 125.00000031200.000000125.000000100.0000004275.00000025.00000035.000000 Question: Which resource should the company work to increase, inventory storage space or assembly time? Inventory Storage Space Assembly time No. of bikes to order None of the other three choices is correct

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