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Linear Programming

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Issue:

Technology

 

Written by:

Benjamin B

 

Date added:

April 1, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

15 / 4168

 

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9593 times

 

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Mr. Rock has decreed that he will not authorize any overtime. We make $50 per Aristorockand $60 per Millionaire. How many of each type should we produce each week to maximize profit? We start by writing the Objective Equation. The objective equation is an equation that defines the thing we want to maximize (or minimize) in terms of the variables...
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I always explicitly write the variables down somewhere to the right of the equation so I won't mix them up later in the model. I also always use subscripts to identify them as is the convention when programming or using spread sheets. In this problem we want to maximize the profit: P = 50* X1 + 60* X2 where, X1 = the number of Aristorock sets per week X2 = the number of Millionaire sets per week The next step is to write the constraints...
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