Posted by Ryan on September 12, 2002 at 10:58:52:
In Reply to: Maximizing profits for a dune buggy co. posted by Debi on September 11, 2002 at 18:35:12:
You have a linear programming problem on your hands. This is a problem dealing with an objective function --> max profit or min cost and it is subject to some constraints.
Simple LP problems can be solved graphically, but their is an algorithm method called the simplex method which can be caried out by hand.
The method can sometimes get quite tedious so if you want an explanation of how to perform this technique please reply in a post. I will try to right out a clear explanation after work if you want it for tomorrow.
: Hi, I need some help with this unit problem, what equations would work best and how do I put numbers together to answer the question .....Here it is:
: The Sandy Dandy Dune Buggy Co. makes two models of offroad vehicles. The Sand Crab and the Surf Mobile. They can get basic parts to produce as many a 15 Sand Crabs and 12 Surf Mobiles a week, but two parts have to be special ordered. The manifold clamp and the suspension joint. Each SC needs 5 manifold clamps and 2 suspension joints, and each SM needs 3 manifold clamps and 6 suspension joints. For each week they have a max. # of 81 clamps and 78 joints available. It takes 20 hours to make a SC and 30 hours to make a SM. The Co. has 12 employees who each work a max of 37,5 hrs a week.
: *How many of each should they make in order to Maximize their profits?
: They know their profit margin on each SC is $500 and on each SM is $1000.
: What equations should I use, quadratic functions, graghs, data...
: Please help if you can step by step.
: Thank you ,
: email to: smyrz-inc@charter.net