Question: and indicate whether the rounded-down solution optimal. 4. A jeweler and her apprentice make silver pins and necklaces by hand. Each week they have 80

and indicate whether the rounded-down solution
and indicate whether the rounded-down solution optimal. 4. A jeweler and her apprentice make silver pins and necklaces by hand. Each week they have 80 hours of labor and 36 ounces of silver available. It requires 8 hours of labor and 2 ounces of silver to make a pin and 10 hours of labor and 6 ounces of silver to make a necklace. Each pin also contains a small gem of some kind. The demand for pins is no more than six per week. A pin earns the jeweler $400 in profit, and a necklace earns $100. The jeweler wants to know how many of each item to make each week to maximize profit. a. Formulate an integer programming model for this problem. b. Solve this model by using the computer. Compare this solution with the solution without inte- ger restrictions and indicate whether the rounded-down solution would have been optimal. 5. A glassblower makes glass decanters and glass trays on a weekly basis. Each item requires 1 pound of glass, and the glassblower has 15 pounds of glass available each week. A glass decanter requires 4 hours of labor, a glass tray requires only 1 hour of labor, and the glassblower works 25 hours a week. The profit from a decanter is $50, and the profit from a tray is $10. The glassblower wants to determine the total number of decanters (x) and trays (x) that he needs to produce in order to maximize his profit. a. Formulate an integer programming model for this problem. b. Solve this model by using the computer. 6. The Livewright Medical Supplies Company has a total of 12 salespeople it wants to assign to three regions-the South, the East, and the Midwest. A salesperson in the South earns $600 in profit per month for the company, a salesperson in the East earns $540, and a salesperson in the Midwest earns $375. The southern region can have a maximum assignment of five salespeople. The company has a total of $750 per day available for expenses for all 12 salespeople. A sales- person in the South has average expenses of $80 per day, a salesperson in the East has average expenses of $70 per day, and a salesperson in the Midwest has average daily expenses of $50. The company wants to determine the number of salespeople to assign to each region to maximize profit. a. Formulate an integer programming model for this problem. b. Solve this model by using the computer. 7. Helen Holmes makes pottery by hand in her basement. She has 20 hours available each week to make bowls and vases. A bowl requires 3 hours of labor, and a vase requires 2 hours of labor. It requires 2 pounds of special clay to make a bowl and 5 pounds to produce a vase; she is able to acquire 35 pounds of clay per week. Helen sells her bowls for $50 and her vases for $40. She wants to know how many of each item to make each week to maximize her revenue. a. Formulate an integer programming model for this problem. b. Solve this model by using the computer. Compare this solution with the solution without inte- ger restrictions and indicate whether the rounded-down solution would have been optimal. 8. Lauren Moore has sold her business for $500,000 and wants to invest in condominium units (which she intends to rent) and land (which she will lease to a farmer). She estimates that she will receive an annual return of $8,000 for each condominium and $6,000 for each acre of land. A condominium unit costs $70,000, and land costs $30,000 per acre. A condominium will cost her $1,000 per unit, an acre of land will cost $2,000 for maintenance and upkeep, and $14,000 has been budgeted for these annual expenses. Lauren wants to know how much to invest in con- dominiums and land to maximize her annual return. a. Formulate a mixed integer programming model for this problem. b. Solve this model by using the computer

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