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What is the optimal solution

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A furniture manufacturer produces two types of tables (country and contemporary) using three types of machines. The time required to produce the tables on each machine is given in the following table.

Country tables sell for $350 and contemporary tables sell for $450. Management has determined that at least 20% of the tables made should be country and at least 30% should be contemporary. How many of each type of table should the company produce if it wants to maximize its revenue?

Machine Country Contemporary Total Machine Time Available per Week

Router 1.5 2.0 1,000

Sander 3.0 4.5 2,000

Polisher 2.5 1.5 1,500

1. Formulate an LP model for this problem.

2. Use Excel spreadsheet model for this problem and solve it using Excel Solver add in.

3. What is the optimal solution?

4. How will your spreadsheet model differ if there are 25 types of tables and 15 machine processes involved in manufacturing them?

Reference no: EM132794515

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