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
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