Question: QUESTION 6 [ 6 ] Please carefully read the following scenario: A publishing house publishes three weeks magazines - Daily Life, Agriculture Today, and Surf's
QUESTION Please carefully read the following scenario: A
publishing house publishes three weeks magazinesDaily Life,
Agriculture Today, and Surf's Up Publication of one issue of each
of the magazines requires the following amounts of production time
and paper: Production hr Paper Ib Daily Life
Agriculture Today Surf's Upo Each week the
publisher has available hours of production time and
pounds of papers. Total circulation for all three magazines must
exceed issues per week if the company is to keep the
advertisers. The selling price per issue is $ for Daily Life,
$ for Agriculture Today, and $ for Surf's Up Based on past
sales, the publisher knows that the maximum weekly demand for Daily
Life is issues; for Agriculture Today, issues; and
Surf's Up issues. The production manager wants to know the
number of issue of each magazine to produce weekly in order to
maximize total sales revenue. The total number of decision variables in this problem
is The total number of constraints in this problem,
including nonnegativity constraints is Given the constraints in this problem the maximum
profit is: At the profitmaximizing level of output the total quantity
of paper leftover not used every week is: At profitmaximizing level of output the total number of
units produced of all three magazines combined is:N
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