Question: Linear Programming X - Wood Deal Takes 6 weeks to close 15 hours of Admin time Account size is $20,0000 Commissions are $2,000 Y -

Linear Programming

  1. X - Wood Deal
    1. Takes 6 weeks to close
    2. 15 hours of Admin time
    3. Account size is $20,0000
    4. Commissions are $2,000
  2. Y - Plastic Deal
    1. Takes 10 weeks to close
    2. 20 hours of admin size
    3. Account size is $100,000
    4. Commissions are $3,500
  3. Z - Iron Deal
    1. Takes 15 weeks to close
    2. 30 hours of admin size
    3. Account size is $150,000
    4. Commissions are $4,700

Some of the other constraints are that we can only complete 8 meetings per week and the admin time is limited to 10 hours per week

X,Y,Z are binary variables

Define the objective function; Minimize the cost function and then write the each constraint.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!