
Introduction to Management Science 12th Edition by Bernard Taylor
Edition 12ISBN: 978-0133778847
Introduction to Management Science 12th Edition by Bernard Taylor
Edition 12ISBN: 978-0133778847 Exercise 22
Helen Holmes makes pottery by hand in her basement. She has 20 hours available each week to make bowls and vases. A bowl requires 3 hours of labor, and a vase requires 2 hours of labor. It requires 2 pounds of special clay to make a bowl and 5 pounds to produce a vase; she is able to acquire 35 pounds of clay per week. Helen sells her bowls for $50 and her vases for $40. She wants to know how many of each item to make each week to maximize her revenue.
a. Formulate an integer programming model for this problem.
b. Solve this model by using the computer. Compare this solution with the solution without integer restrictions and indicate whether the rounded-down solution would have been optimal.
a. Formulate an integer programming model for this problem.
b. Solve this model by using the computer. Compare this solution with the solution without integer restrictions and indicate whether the rounded-down solution would have been optimal.
Explanation
The four steps for solving the problem a...
Introduction to Management Science 12th Edition by Bernard Taylor
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