Linear Programming Problem
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The lakeside boatwork is planning to manufacture three types of molded fiberglass recreation boats, a fishing (bass0 boat, a ski boat, and a small speedboat. The estimated selling price and variable cost for each type of boat are summarized in the following table
Bass $12,500 $23,000
Ski 8,5000 18,000
speed 13,7000 26,000
The company has incurred fixed costs of 2,800.000 to set up its manufacturing operation and begin production.Lakeside has also entered into agreements with several boat dealers in the region to provide a minimum of 70 bass boat, 50ski boats and 50 speedboats. Alternatively the company is unsure of what actual deman will be so it has decided to limit production to no more than 120 of any one boat. The company wants to determine the number of boats that it must sell to break even while minimizing its total variable cost.
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Solution Summary
This posting contains solution to following LPP Problem using Microsoft Excel.
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