Rap:
Tables and Chairs
Total Machine Time available
Saws-600 min
Lathes-360 min
Sanders-1080 min
Let C=# chairs, T=# Tables, P=$ Profit
P=10C+20T
Differentiate & maximize (dP=0)
dP=10dC+20dT=0
so
dC/dT=-2
Integrate
C=-2T+K(onst)
Setting Time Constraints
Saws
10C+5T<=600
10(-2T+K)+5T<=600
10K-15T<=600
2K-3T<=120
2K<=120+3T
Lathe
5C+5T<+360
5(-2T+K)+5T<=360
5K-5T<=360
K-T<=72
2K<=144+2T
Sander
5C+20T<=1080
5(-2T+K)+20T<+1080
5K+10T<=1080
K+2T<=216
2K<=432-4T
2K<=120+3T
2K<=144+2T
2K<+432-4T
Subtract 1 from 2
0<=24-T
T<=24
Subtract 1 from 3
0<=312-7T
T<=44 4/7
Subtract 2 from 3
0<=288-6T
T<=48
Three Possibilities
24 tables per hour
44 Tables per hour
48 Tables per hour
Working through Machine Availability this is
24 Tables 48 Chairs P=$960/hr
44 Tables 28 Chairs P=$1080/hr
48 Tables 24 chairs P=$1200/hr
So the most profitable is 48 Tables and 24 Chairs per hour for $1200 per hour
Mark:
TABLES & CHAIRS
Maximize 10C + 20T subject to:
2C + T <= 120
C + T <= 72
C + 4T <216>= 0
T >= 0
The solution space is a pentagon bounded by the lines described above.
The revenue function will be maximized at a vertex of the solution space.
The vertices (intersections of the boundary lines) and their associated revenues are (C,T):
(0,0): $0
(60,0): $600
(48,24): $960
(24,48): $1200
(0,54): $1080
Revenue is maximized at $1200 with 24 chairs and 48 tables.
To check; it will take 24*10 + 48*5 = 480 minutes of saw time. There are 600 minutes available so the saws will be idle 20% of the time.
It will take 24*5 + 48*5 = 360 minutes of lathe time which is exactly what we have.
It will take 24*5 + 48*20 = 1080 minutes of sanding machine time which is exactly what we have.
Thanks guys you are the best!
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LADDERS Riding high?"
If you are looking for a leg up; come over to see me sometime!(Don't forget your jodhpurs!)
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