Question

The LP problem whose output follows determines how many necklaces, bracelets, rings, and earrings a jewelry...

The LP problem whose output follows determines how many necklaces, bracelets, rings, and earrings a jewelry store should stock. The objective function measures profit; it is assumed that every piece stocked will be sold.  
Constraints measure display space in units, time to set up the display in minutes and two marketing restrictions.

            MAX    100N+120B+150R+125E

                        N+2B+2R+2E       < 108  Space
                        3N+5B+       E      < 120  Time
                        N+         R            <  25  Market Restriction 1
                                 B+R+   E      >  50  Market Restriction 2

Use the output below to solve and answer the following question.
What is the profit?

Group of answer choices

7230

8000

7475

7150

0 0
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Answer #1

The software output for this problem is:

Hence,

Optimum profit = $ 7475

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    The LP problem whose output follows determines how many necklaces, bracelets, rings, and earrings a jewelry store should stock. The objective function measures profit; it is assumed that every piece stocked will be sold.Constraint 1 measures display space in units, constraint 2 measures time to set up the display in minutes. Constraints 3 and 4 are marketing restrictions. using excel solver: To what value can the profit on ring increases before the solution would change? LINEAR PROGRAMMING PROBLEM MAX 100X1+120X2+150X3+125X4...

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