subject
Mathematics, 09.07.2021 20:10 jj1077348

Formulate the following Linear Programming Problem, solve via Excel and clearly summarize the value of the decision variables, objective function, and slack and surplus variables. A developer has the alternative of building two-, three-, and four-bedroom houses. He wishes to establish the number of each, if any, that will maximize his profit, subject to the following constraints: 1. The total budget for the project cannot exceed $10,070,000. 2. The total number of units must be at least 350 for the venture to be economically feasible. 3. Based on market analysis, the maximum number of two-, three-, and four-bedroom units are 20%, 50%, and 40% of the total number of units, respectively. (Note that the sum exceeds 100%, and this is as it should be for they represent upper bounds to the consumer preferences.) 4. Building costs, including land, architectural and engineering fees, landscaping, etc., are $20,000,$25,000, and $30,000 for the two-, three-, andfour-bedroom units, respectively. 5. Net profits after interest, taxes, etc., are $2000, $3000, and $4000 for the two-, three -, and four-bedroom units, respectively. (Let X1, X2, and X3 be the number of two-, three-, and four-bedroom units, respectively.)

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:00
Can someone answer it, and plot it, for 20 points and brainliest answer? p.s. they're the same ! : )
Answers: 1
question
Mathematics, 21.06.2019 15:00
Listed in the table is the percentage of students who chose each kind of juice at lunchtime. use the table to determine the measure of the central angle you would draw to represent orange juice in a circle graph
Answers: 1
question
Mathematics, 21.06.2019 16:30
Diana is painting statues she has 7/8 of a liter of paint each statue requires 1/20 of a liter of paint how many statues can she paint?
Answers: 3
question
Mathematics, 21.06.2019 16:30
Ineed ! the person who answers and shows their work on they got the answer first will be marked the !
Answers: 1
You know the right answer?
Formulate the following Linear Programming Problem, solve via Excel and clearly summarize the value...
Questions
question
Mathematics, 29.05.2020 18:03
question
Business, 29.05.2020 18:03
Questions on the website: 13722362