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(20 Marks) : Q.No.7) - The Flair Furniture Company Produces Inexpensive Tables and Chairs. It Has Formulated The

The Flair Furniture Company wants to maximize profit by producing tables and chairs. They can produce up to 24 units combining tables and chairs according to constraint A, and up to 10 units combining tables and chairs according to constraint B. Using a graphical method, the optimal solution is to produce 8 tables and 10 chairs to maximize profit of $70.

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130 views

(20 Marks) : Q.No.7) - The Flair Furniture Company Produces Inexpensive Tables and Chairs. It Has Formulated The

The Flair Furniture Company wants to maximize profit by producing tables and chairs. They can produce up to 24 units combining tables and chairs according to constraint A, and up to 10 units combining tables and chairs according to constraint B. Using a graphical method, the optimal solution is to produce 8 tables and 10 chairs to maximize profit of $70.

Uploaded by

shado94
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Q.No.7). The Flair Furniture Company produces inexpensive tables and chairs.

it has formulated the


following LP problem:
Maximize profit =$7X1 + $5X2
Subject to:
4X1 + 3X2 24 (constraint A)
2 X1 + X2 10 (constraint B)
X1 0, X2 0
Where X1 stands for the number of tables produced and X 2 stands for the number of chairs produced.
Using graphical method, determine the number of tables and chairs in order to maximize profit.

(20 Marks)

Constraint A:

Constraint B:

Number of Tables

Number of Chairs

Profit

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