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?

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!

Suppose you are the sole owner operator of a small farm in southern Idaho. You have 200 acres that is suitable for planting, your own labor (2400 labor hours per growing season), and a water right...

6. Six items, 11, 12, ...,16, are being auctioned. Bidders can bid on a subset of these items. The following bids are received: Bidder 11 12 13 14 15 16 Bid amount $120 $180 $150 $150 $100 $60 $100...

do not need to fully solve the problems, just formulate Problem 1) Kara Bee Foods adds secret natural flavorings (A, B, C, \& D) to its cheesecakes. The total amount of natural flavorings used must...

Problem 1) Kara Bee Foods adds secret natural flavorings (A, B, C, \& D) to its cheesecakes. The total amount of natural flavorings used must be at least 18 ounces per cheesecake, but not more than...

Bulldog Energy has been awarded $500M to supply solar and wind energy to three regions of the country. Any remaining funds will be donated to General Determination. Draw, and completely label, a...

you will find out a real-life problem which can be formulated as a linear programming model. After determining and understanding the problem on hand, you will collect the necessary data and develop...

you will find out a real-life problem which can be formulated as a linear programming model. After determining and understanding the problem on hand. you will collect the necessary data and develop...

4 . Formulate the following problem as a Linear Programming Problem in standard form ( specify variables, objective function, and constraints ) . Then solve this LPP by hand using the standard...

In a given year a company had net income after tax of $21M. Its depreciation expense was $4M. During the year it bought new capital assets with a value of $11M, increased its working capital by...

A 1-L Thermos bottle is full of tea at 90C. You pour out one cup and immediately screw the stopper back on. Make an order-of-magnitude estimate of the change in temperature of the tea remaining in...

Changes to traditional managerial accounting systems that are required for effective implementation of TQM include Blank _ _ _ _ _ _ . Multiple select question. having workers collect information...

12:10 al LTE