Explore BrainMass

Explore BrainMass

    Optimization Modeling - Determine how Woodco can maximize its revenue.

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available. A table requires either 17 board feet of oak or 30 board feet of pine, and a chair requires either 5 board feet of oak or 13 board feet of pine. Each table can be sold for $40, and each chair for $15. Determine how Woodco can maximize its revenue.

    © BrainMass Inc. brainmass.com March 4, 2021, 8:08 pm ad1c9bdddf
    https://brainmass.com/statistics/descriptive-statistics/optimization-modeling-woodco-maximize-revenue-146934

    Solution Preview

    Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available. A table requires either 17 board feet of oak or 30 board ...

    Solution Summary

    Woodco manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board feet of oak and 210 board feet of pine are available. A table requires either 17 board feet of oak or 30 board feet of pine, and a chair requires either 5 board feet of oak or 13 board feet of pine. Each table can be sold for $40, and each chair for $15. Determine how Woodco can maximize its revenue.

    $2.49

    ADVERTISEMENT