Class 2 in class problems.pdf - Class 2 In-Class Problems In each of the situations given below formulate a linear programming problem to maximize the

Class 2 in class problems.pdf - Class 2 In-Class Problems...

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Class 2: In-Class Problems In each of the situations given below, formulate a linear programming problem to maximize the profit or minimize the cost and solve the problem graphically. 1. A wood products firm uses leftover time at the end of each week to make goods for stock. Currently, there are two products on the list of items that are produced for stock: a chopping board and a knife holder. Both items require three operations: cutting, gluing, and finishing. The manager of the firm has collected the following data on these products: Item Profit per unit Time per unit (in minutes) Cutting Gluing Finishing Chopping Board $2 0.7 5 8 Knife Holder $6 0.8 15 3 The manager has also determined that during each week, 56 minutes are available for cutting, 750 minutes are available for gluing, and 360 minutes are available for finishing 2. A bike store owner is deciding on how many mountain bikes and how many racing bikes to stock in his store.
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