Question: * NEED HELP FINDING THE OPTIMAL SOLUTION * A furniture company is producing tables and chairs for the coming week. The production of tables and
NEED HELP FINDING THE OPTIMAL SOLUTION
A furniture company is producing tables and chairs for the coming week. The production of tables and chairs will go through two processes: wood cutting and assembly. In the wood cutting process, the required labor hour is hour for a chair and hours for a table. In the assembly process, the required labor hour is hours for a chair and hours for a table. For the coming week, the maximum labor hour is hours for the wood cutting process and hours for the assembly process. Based on the companys inventory level, the company decides to produce no more than chairs and tables for the coming week. Suppose the profit margin is $chair and $ table. Set up a linear programming model to maximize the total profit for this furniture company and solve the model using Excel Solver.
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