The Apex Television Company has to decide on the number of 27" and 20" sets to be produced at one of its factories. Market research indicates that at most 40 of the 27" sets and 10 of the 20" sets can be sold per month. Maximum number of work hours available is 500 per month. A 27" set requires 20 work hours and 20" set requires 10 work hours. 27" set produces $120 profit and 20" produces $80 profit. A wholesaler agreed to purchase all sets if don't exceed maxima indicated.
a) Formulate and solve a linear programming model on a spreadsheet
b) Formulate problem algebraically
c) Solve model using graphical linear programming and sensitivity analysis hide problem
Provides steps necessary to solve a linear programming model.