Question: Olympic Bike is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from special aluminum and steel alloys. The anticipated

Olympic Bike is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from special aluminum and steel alloys. The anticipated unit profits are $

10

for the Deluxe and $

15

for the Professional.

A supplier delivers

100

pounds of the aluminum alloy and

80

pounds of the steel alloy weekly.

Aluminum Alloy Steel Alloy

Deluxe

2 3

Professional

4 2

How many Deluxe and Professional frames should Olympic produce each week?

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 General Management Questions!

Linear Programming: Sensitivity Analysis Olympic Bike is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from special aluminum and steel alloys. The...

Example 2: Olympic Bike Co. Olympic Bike is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from special aluminum and steel alloys. The anticipated unit...

Cost-revenue-profit analysis Ponderosa Development Corporation (PDC) is a small real estate developer that builds only one style house.The selling price of the house is $115,000. Land for each house...

Olympic bike is introducing two new lightweight bicycle frames, the deluxe and the professional to be made from special aluminum and steel alloys. The anticipated unit profits are 10$ for the deluxe...

Olympic Bike is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from special aluminum and steel alloys. The anticipated unit profits are $10 for the Deluxe...

Excel Solver 3. (25 points) Olympic Bike is introducing two new lightweight bicycle frames, the Deluxe and the Professional, to be made from special aluminum and steel alloys. The anticipated unit...

PLEASE SOLVE USING EXCEL Show LP models for all problems. Attach the original Excel Solver solutions, including the answer report and the sensitivity report for the LP models. 3. (25 points) Olympic...

State the word problems and develop mathematical model. Apply sensitivity analysis i.e. Calculate the ranges of optimality and shadow prices of each constraint. Olympic Bike is introducing two new...

In 2018, Pear LTD, a company producing smart phones, generated 1,000,000 in revenues. At the beginning of 2018 the company had 100,000 worth of electronic components in stock. Subsequently, in the...

Use the following information to complete the balance sheet below; assume all sales are credit sales. Current ratio = 2.2 times Credit sales = $1,200m Average collection period = 60 days Inventory...

You are considering two mutually exclusive projects. You have sufficient funds. However, you cannot repeat or replicate these projects more than once. Project A has a discount rate of 1 5 % . The...

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...