Question:  What is the maximum profit you can achieve?

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...
icon
Related questions
icon
Concept explainers
Topic Video
Question

As a toy builder you enjoy making toys for both fun and profit.  For your latest production batch, you need to decide how many of each toy to make.  The four types of toys you make are airplanes, helicopters, bus, and cars.

 

To build an airplane you need 3 blue blocks, 2 green rods, and 1 red wheel.  To build a helicopter you need 2 blue blocks, 4 green rods, and 1 red wheel.  To build a bus you need 1 blue blocks, 3 green rods, and 4 red wheel. To build a car you need 1 blue block, 2 green rods, and 4 red wheels.

 

Your profit margins for each toy are as follows: Airplane P7, Helicopter P8, Bus P6, Car P5.

 

The parts available to you are as follows: 30 blue blocks, 44 green rods, and 50 red wheels.  It is ok to have leftover parts.

 

Question:  What is the maximum profit you can achieve?

Expert Solution
steps

Step by step

Solved in 4 steps with 5 images

Blurred answer
Knowledge Booster
Application of Algebra
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.