Math Problem Statement

A manufacturer of bicycles builds​ racing, touring, and mountain models. The bicycles are made of both steel and aluminum. The company has available 91 comma 200 units of steel and 45 comma 000 units of aluminum. The​ racing, touring, and mountain models need 19​, 24​, and 38 units of​ steel, and 15​, 21​, and 18 units of​ aluminum, respectively. Complete parts​ (a) through​ (d) below. Question content area bottom Part 1 ​(a) How many of each type of bicycle should be made in order to maximize profit if the company makes ​$9 per racing​ bike, ​$13 per touring​ bike, and ​$24 per mountain​ bike? Let x 1 be the number of racing​ bikes, let x 2 be the number touring​ bikes, and let x 3 be the number of mountain bikes. What is the objective​ function? zequals

9x 1plus

13x 2plus

24x 3 ​(Do not include the​ $ symbol in your​ answers.) Part 2 To maximize​ profit, the company should produce

0 racing​ bike(s),

0 touring​ bike(s), and

enter your response here mountain​ bike(s). ​(Simplify your​ answers.) Part 3 ​(b) What is the maximum possible​ profit? The maximum profit is ​$

enter your response here.

Solution

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Math Problem Analysis

Mathematical Concepts

Linear Programming
Optimization

Formulas

Objective function: z = 9x1 + 13x2 + 24x3
Steel constraint: 19x1 + 24x2 + 38x3 ≤ 91,200
Aluminum constraint: 15x1 + 21x2 + 18x3 ≤ 45,000
Non-negativity constraints: x1 ≥ 0, x2 ≥ 0, x3 ≥ 0

Theorems

Simplex Method for Linear Programming

Suitable Grade Level

College/Advanced High School