Mathematically formulae a linear optimization model

Assignment Help Business Economics
Reference no: EM131242630

Burger Office Equipment produces two type of desk, standard and deluxe. Deluxe desks have oak tops and more expensive hardware and require additional time for finishing and polishing. Standard desks require 70 board feet of pine and 10 hours of labor, whereas deluxe desks require 60 board feet of pine, 18 square feet of oak, and 15 hours of labor. For the next week, the company has 5,000 board feet of pine, 750 square feet of oak, and 400 hours of labor available. Standard desks net profit of $225, and deluxe desks net a profit of $320. All desks can be sold to national chains such as Staples or Office Depot.

A. Identify the decision variables, objective functions, and constraints in simple verbal statements.

B. Mathematically formulae a linear optimization model.

Reference no: EM131242630

Evaluate the impact of public policy on economic growth

Analyze and evaluate the impact of public policy on economic growth from an ethical and global position. Be sure to be specific as to which ethical posture you are taking. See

Replacement plotter with new internet-based

Herald Richter and Associates, 5 years ago, purchased for $45,000 a microwave signal graphical plotter for corrosion detection in concrete structures. It is expected to have t

Individual would divide his time after the salary increase

Assume that an individual has 80 hours per week that can be distributed between two normal products work and leave ( leisure ) . Draw a bid curve for an individual who can ear

Capital owners are better off under free trade home country

Assume that land is specific to timber, capital is specific to televisions, and labor is free to move between the two industries. When the Home country moves into doing free t

For the portfolio project

For the Portfolio Project, conduct an analysis of a recent article related to United States and provide your evaluation and outcome expectations in an articulate and informati

What is the quantity of deposits the bank will raise

Suppose that a monopoly bank faces an upward sloping supply curve of deposits R (D) = 1 + 0.02D, where D is the quantity of deposits and R (D) is the (gross) deposit rate. If

Using units of production method-calculate depreciation rate

An injection molder is purchased for $500,000 for a large scale commercial operation. Its expected life is production of 2 million plastic wheels. Its salvage value is $1,000.

Economy primarily driven by consumers or businesses

How can the high unemployment hurt the growth of the GDP. Is the U.S. economy primarily driven by consumers or businesses? Why? Let's look at the "crowding out effect". Please


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd