Question: please formulate the lp as shown in 2nd pic The Love Boat Captain Stubing of The Pacific Princess seeks to maximize the retum for their
please formulate the lp as shown in 2nd pic
The Love Boat Captain Stubing of The Pacific Princess seeks to maximize the retum for their scheduled 14 day tour of Europe and has a number of options available to him. He can ply his guests with alcohol, upsell them on fancier restaurant fare or include more expensive excursion options. These alternatives are not without tradeoffs, since different guests prefer different options, depending largely on their age and wherewithal. Among the limitations Captain Stubing must consider is the number of excursions, they must offer at least five alternatives per day for each the ten days they will reach port. In addition, the restaurant choices must exceed 12 major styles of cuisine and the bar themes down in The Grotto should rotate every other day for the 14 days. It's possible to rotate them twice a day, but any more than that and poor Isaac spends more time tearing down and setting up than he does mixing libations. Ideally, there should be at least one different bar theme for every cuisine type. The total budget for excursions, restaurants and bar has been set by the parent company at S150,000. It costs $1,500 to stock supplies for a major cuisine category, it costs $5,000 to include each different excursion, and it costs $900 to set up with a different bar theme. Based on historical data, Captain Stubing believes that cach new bar setup will generate S1,500 profit, each new cuisine type will bring in $5,000, and each excursion type will generate $17,000 for the ship. a) Formulate and solve the LP Problem (40%) b) Identify the Shadow Price of Each Constraint. (60%) Edit View Insert Format Tools Table 12ptParagraph al ? ? D 1 I Figure 2.1 Bonect.Pottery Company Product problem-se Creek Pottery Company How many bowls and restoreduced to mai Prots give labor and materiais contraints? LINEAR PROGRAMING PROBLEM (PRODUCT MIX) DECISION VARIABLES: XI: NUMBER OF UNITS TO PRODUCE OF BOWLS X2: NUMBER OF UNITS TO PRODUCE OF MUGS OBJECTIVE FUNCTION MAXIMIZE Z=TOTAL PROFIT = $ 40 * XI + S 50 * X2 CONSTRAINTS (LABOR) 1*X1 +2*X2 0 MAXIMIZE Z=TOTAL PROFIT = $ 40 * XI +$ 50 * x2 CONSTRAINTS (LABOR) I*X1 +2*X2 -5x2 = 120-160 x2-40/5=8 X1 = 40 - 2*(8)=40-16=24 X1=24 and x2=8 Z=1360 2 51 latifitas

Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
