Question: Please Formulate the following as a Linear Program. Remember that formulation means identifying decision variables, objective function and constraints, and mathematically expressing the problem. You
Please Formulate the following as a Linear Program. Remember that formulation means identifying decision variables, objective function and constraints, and mathematically expressing the problem. You NEED NOT solve the problem. This problem is available in the class notes also. You can scan your hand-written solution and upload it.
Calculator Production Problem:
A calculator company produces a scientific calculator and a graphing calculator. Long-term projections indicate an expected demand of at least 100 scientific and 80 graphing calculators each day. Because of limitations on production capacity, no more than 200 scientific and 170 graphing calculators can be made daily. To satisfy a shipping contract, a total of at least 200 calculators much be shipped each day. If each scientific calculator sold results in a $2 profit, and each graphing calculator produces a $5 profit, how many of each type should be made daily to maximize net profits?
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