Maximizing Profit A large TV manufacturer has warehouse facilities for storing its
Chapter 5, Problem 45(choose chapter or problem)
Maximizing Profit A large TV manufacturer has warehouse facilities for storing its 52-inch color TVs in Chicago, New York, and Denver. Each month the city of Atlanta is shipped at most four hundred 52-inch TVs. The cost of transporting each TV to Atlanta from Chicago, New York, and Denver averages $50, $40, and $80, respectively, while the cost of labor required for packing averages $6, $8, and $4, respectively. Suppose $20,000 is allocated each month for transportation costs and $3000 is allocated for labor costs. If the profit on each TV stored in Chicago is $70, in New York is $80, and in Denver is $40, how should monthly shipping arrangements be scheduled to maximize profit? (a) Formulate a linear programming problem that models the problem given above. Be sure to identify all variables used. (b) Solve the linear programming problem. (c) Analyze the solution.
Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.
Becoming a subscriber
Or look for another answer