The Pinewood Furniture Company produces chairs and tables from two resources-labor and wood. The company has 80 hours of labor and 36 pounds of wood available each day. Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 pounds of wood to product, whereas a table requires 10 hours of labor and 6 pounds of wood. The profit derived from each chair is $400 and from each table, $100. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.
Formulate a linear programming model for this program.© BrainMass Inc. brainmass.com September 19, 2018, 3:37 am ad1c9bdddf - https://brainmass.com/business/accounting/linear-programming-model-for-maximizing-profit-83906
This solution contains the formulation in mathematical form and excel form. All the details and step by step solutions are given.