Use the simplex method to solve the following problem. A company manufactures three types of patio furniture:
Question:
Use the simplex method to solve the following problem.
A company manufactures three types of patio furniture: chairs, rockers, and chaise lounges. Each requires wood, plastic, and aluminum as given in table below. The company has available 600 units of wood, 700 units of plastic, and 1600 units of aluminum. Each chair, rocker, and chaise lounge sells at $6, $8, and $12, respectively. Assuming that all furniture can be sold, determine a production order so that total revenue will be maximum. What is the maximum revenue? Does the company need to use all of the available units of wood, plastic, and aluminum? Make sure you write a sentence or two when you answer the questions.
WOOD | PLASTIC | ALUMINUM | |
Chair | 2 unit | 2 unit | 1 units |
Rocker | 2 unit | 1 unit | 2 units |
Chaise lounge | 2 unit | 3 units | 5 units |
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds