Simplex method in tabular form showing the intermediate

Reference no: EM131702324

A group of young students earn a steady living by picking up discounted items from a used electronics store for 10$ a piece and reselling them. Each item has a street value, a weight, and a volume; there are limits on the number of available items (as shown). A total weight of 500 lbs and a total volume of 300 cu. ft. can be transported in one attempt.

Item value($) weight (lbs) volume (cu. ft.) availability

TV 40 30 8 20

Laptop 50 10 5 30

Monitor 120 20 4 15

(a) Formulate a LP problem to find how many of each items should the students pick for reselling. 1

(b) Solve it by the simplex method in tabular form showing the intermediate steps.

Reference no: EM131702324

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