A small construction firm specializes in building and selling single-family homes. The firm offers two basic types of houses, Model A and Model B (in whole numbers). Model A houses require 4,000 labor hours, 2 tons of stone and 2,000 board feet of lumber. Model B houses require 10,000 hours of labor, 3 tons of stone and 2,000 board feet of lumber. The firm has currently 400,000 hours of labor, 150 tons of stone and 200,000 board feet of lumber. Model A yields $1000 profit and model B yields $2000 profit. Use Solver to determine how the firm can maximize its profit on worksheet below.
A small construction firm specializes in building and selling single-family homes. The firm offers two basic types of houses, Model A and Model B (in whole numbers). Model A houses require 4,000 labor hours, 2 tons of stone and 2,000 board feet of lumber. Model B houses require 10,000 hours of labor, 3 tons of stone and 2,000 board feet of lumber. The firm has currently 400,000 hours of labor, 150 tons of stone and 200,000 board feet of lumber. Model A yields $1000 profit and model B yields $2000 profit. Use Solver to determine how the firm can maximize its profit on worksheet below.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A small construction firm specializes in building and selling single-family homes. The firm offers two basic types of houses, Model A and Model B (in whole numbers). Model A houses require 4,000 labor hours, 2 tons of stone and 2,000 board feet of lumber. Model B houses require 10,000 hours of labor, 3 tons of stone and 2,000 board feet of lumber. The firm has currently 400,000 hours of labor, 150 tons of stone and 200,000 board feet of lumber. Model A yields $1000 profit and model B yields $2000 profit. Use Solver to determine how the firm can maximize its profit on worksheet below.
Profit | Labor (hours) | Stone (tons) | Lumber (board feet) | ||
Model A | |||||
Model B | |||||
Available | |||||
Decision Variables | |||||
Objective Fuction | |||||
Constraints | |||||
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