Purchase Solution

Linear Programming: The Simplex Method - Captain John's Yachts, Inc., located in Fort Lauderdale, FL: Captain John's daily profit contribution is $50 for sailboats, $70 for cruiser, and $100 for luxury yachts, how many boats of each type should he rent?

Not what you're looking for?

Ask Custom Question

Captain John's Yachts, Inc., located in Fort Lauderdale, FL, rents three types of oceangoing boats: sailboats, cabin cruisers, and Captain Jon's favorite, the luxury yachts. Captain John advertises his boats with his famous "you rent - we pilot" slogan, which means that they company supplies the captain and crew for each rented boat. Each rented boat has one captain, of course, but the crew sizes (deck hands, galley hands, etc) differ. The crew requirements, in addition to a captain, are one for sailboats, two for cabin cruisers, and three for yachts. Then employees are captains, and an additional 18 employees filled the various crew positions. Currently, Captain John has rental requests for all of his boats: four sailboats, eight cabin cruisers, and three luxury yachts. Captain John's daily profit contribution is $50 for sailboats, $70 for cruiser, and $100 for luxury yachts, how many boats of each type should he rent?

Purchase this Solution
Solution Summary

Computations and formula given.

Solution Preview

Suppose Captain John should rent x, y, and z number of ...

Purchase this Solution
Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

View More Free Quizzes
Related BrainMass Solutions

  • 138865 Simplex Method Simplex Method Please see the attached file. This posting provides formulation and solution of a linear programming problem using simplex method for Captain John's Yachts to identify number of boats that should be hired.

  • Fixed cost and variable cost for companies

    Gulf Craft, Inc. is a United Arab Emirates company which manufactures mid range fiberglass boats and yachts. It mainly exports its products - about 70 per cent of total production which is approximately 800 boats and yachts a year.

  • Finanical Frauds

    Rbeck had entirely financed luxury yachts for the three clients because of their excellent credit history and prominence in the business community.

  • Linear programming and sensitivity analysis

    eight consecutive hours, how many should be scheduled to begin working in each period in order to minimize the number of cashiers needed?

  • Entering Chinese yachting industry

    As a first step, he wants to get a sense of the potential market in China, how he might enter the Chinese market, and key issues he needs to keep in mind as he examines and perhaps enters the market for pleasure boats in China.

  • Maximize the number of customers for Island Water Sports

    On one particular morning, a decision must be made of how many Wildlife Raft Trips and how many Group Sailing Lessons should be scheduled. Each Wildlife Raft Trip requires one captain and one crew person, and can accommodate six passengers.

  • assemble rigging for sailboats at the Hunter Yachts

    49134 assemble rigging for sailboats at the Hunter Yachts A group of employees who assemble rigging for sailboats at the Hunter Yachts meet once every month and discuss what problems are occuring at work and what changes might be made to reduce those

  • Linear Programming - Simplex Method

    a) Formulate a linear programming model to determine how many new and how many old customers each salesperson should call on in May to maximize profits. b) Solve the problem by the simplex method. The solution file is attached.

  • Ratios and Financial Planning: East Coast Yachts

    This ratio should be lower. Comparison is given in the excel file.

View More Related Solutions