Linear_Programming_Applications

Linear_Programming_Applications - 1 Linear Programming...

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Unformatted text preview: 1 Linear Programming Applications 2 Product Mix Problem (Floataway Tours) Floataway Tours has $420,000 that may be used to purchase new rental boats. The boats can be purchased from two different manufacturers, Sleekboat and Racer. q Floataway Tours would like to purchase at least 50 boats and would like to purchase the same number from Sleekboat as from Racer to maintain goodwill. At the same time, Floataway Tours wishes to have a total seating capacity of at least 200. q Pertinent data concerning the boats are summarized on the 3 Floataway Tours q Data : Maximum Expected Boat Builder Cost Seating Daily Profit Speedhawk Sleekboat $6,000 3 $ 70 Silverbird Sleekboat $7,000 5 $ 80 Catman Racer $5,000 2 $ 50 Classy Racer $9,000 6 $110 4 Linear Programming Model (variables and objective) q Decision variables : x 1 : number of Speedhawk boats to be purchased x 2 : number of Silverbird boats to be purchase x 3 : number of Catman boats to be purchased x 4 : number of Classy boats to be purchased q Objective function : 5 Linear Programming Model (constraints) q Constraints : (1) Spend no more than $420,000: (2) Purchase at least 50 boats: (3) Number of boats from Sleekboat equals number of boats from Racer: 6...
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Linear_Programming_Applications - 1 Linear Programming...

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