Question: Solve the following problems. Please show work. A B D E F G H | J K P M 1 2 Solving - LP Problems

Solve the following problems. Please show work.

Solve the following problems. Please show work. A

A B D E F G H | J K P M 1 2 Solving - LP Problems STEP by STEP 3 4 1. A manufacturing firm produces two products -Tables and Chairs. Each product must undergo an assembly 5 process and a finishing process. It is then transferred to the warehouse, which has space for only a limited number 6 of items. The firm has 80 hours available for assembly and 112 hours for finishing, and it can store a maximum of 10 7 units in the warehouse. Each unit of Table has a profit of $30 and requires 4 hours to assemble and 14 hours to 8 finish. Each unit of Chair has a profit of $70 and requires 10 hours to assemble and 8 hours to finish. The firm wants 9 to determine the quantity of each product to produce to maximize profit. 10 11 a. Formulate this as a Linear Programming problem 12 b. Solve Using EXCEL SOLVER 13 c. What is the maximum possible profit? 14 d. What is the Product -mix 15 e. Which are the Binding Constraints? Where/How much is the Slack or Surplus? 16 17 18 19 20 21 22 23 24 25 26 27 28

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