Math Problem Statement

A company makes color television sets. It produces a bargain set that sells for

​$360360

profit and a deluxe set that sells for

​$520520

profit. On the assembly​ line, the bargain set requires

55

​hours, while the deluxe set takes

77

hours. The cabinet shop spends

11

hour on the cabinet for the bargain set and

33

hours on the cabinet for the deluxe set. Both sets require

44

hours for testing and packing. On a particular production​ run, the company has available

36003600

​work-hours on the assembly​ line,

12001200

​work-hours in the cabinet​ shop, and

28002800

​work-hours in the testing and packing department. Complete parts​ (a) through​ (c).

Question content area bottom

Part 1

​(a) How many sets of each type should the company produce to maximize​ profit? What is the maximum​ profit?

The company should produce

300300

deluxe sets and

300300

bargain sets to maximize profit.

​(Type whole​ numbers.)

Part 2

The maximum profit is

​$264000264000.

​(Round to the nearest dollar as​ needed.)

Part 3

​(b)**** Suppose the profit on the bargain sets goes up to

​$430430.

Now how many sets of each type should it produce to make a maximum​ profit? What is the maximum​ profit?

The company should produce

enter your response here

deluxe sets and

enter your response here

bargain sets to maximize profit.

​(Type whole​ numbers.)

Solution

Let's break down the problem for part (b) systematically.

We need to maximize profit given the following updated scenario:

Profit per set:

  • Bargain Set Profit: Now $430 instead of $360.
  • Deluxe Set Profit: Still $520.

Production constraints:

  • Assembly Line: 3600 hours available.
  • Cabinet Shop: 1200 hours available.
  • Testing and Packing Department: 2800 hours available.

Resource usage:

  • Bargain Set:

    • 5 hours on the assembly line
    • 1 hour in the cabinet shop
    • 4 hours in testing and packing
  • Deluxe Set:

    • 7 hours on the assembly line
    • 3 hours in the cabinet shop
    • 4 hours in testing and packing

Defining Variables:

Let:

  • xx be the number of bargain sets produced.
  • yy be the number of deluxe sets produced.

Objective Function (Profit):

The profit function is: P=430x+520yP = 430x + 520y We want to maximize this profit.

Constraints:

We have the following resource constraints:

  1. Assembly Line: 5x+7y36005x + 7y \leq 3600
  2. Cabinet Shop: x+3y1200x + 3y \leq 1200
  3. Testing and Packing: 4x+4y28004x + 4y \leq 2800
  4. Non-negativity: x0,y0x \geq 0, \quad y \geq 0

Solving the Linear Programming Problem:

To find the optimal solution, we need to solve this linear programming problem, typically using the graphical method, the simplex method, or optimization software.

I will use the constraints to set up and solve the system.

Let me calculate that for you! scipy.optimize import linprog

Coefficients for the objective function (maximize profit)

c = [-430, -520] # We negate the coefficients to maximize (as linprog minimizes)

Coefficients for the inequality constraints (Ax <= b)

A = [ [5, 7], # Assembly line constraint [1, 3], # Cabinet shop constraint [4, 4] # Testing and packing constraint ]

Right-hand side of the inequalities

b = [3600, 1200, 2800]

Bounds for the variables (non-negativity constraints)

x_bounds = (0, None) y_bounds = (0, None)

Solving the linear program

result = linprog(c, A_ub=A, b_ub=b, bounds=[x_bounds, y_bounds], method='highs')

Extracting the optimal values

optimal_x = result.x[0] optimal_y = result.x[1] max_profit = -result.fun # We negated the coefficients, so we need to negate the result

optimal_x, optimal_y, max_profitTo maximize profit, the company should produce:

  • 650 deluxe sets
  • 50 bargain sets

The maximum profit will be $305,500.

Would you like a detailed explanation of how this was calculated? Or do you have any questions about this solution?

Here are some follow-up questions to consider:

  1. How would the maximum profit change if the available work-hours for the cabinet shop were reduced by 100 hours?
  2. What would happen if the company could increase the available work-hours for the assembly line by 500 hours?
  3. How would the optimal number of sets change if the profit for the deluxe sets dropped to $490?
  4. What methods can be used to solve such linear programming problems without software?
  5. How does the concept of "constraints" affect the optimal production decision?

Tip: In linear programming, when maximizing profit, always make sure to reverse the signs of the profit function's coefficients because many solvers like linprog minimize functions by default.

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Math Problem Analysis

Mathematical Concepts

Linear Programming
Optimization
Constraints

Formulas

Objective function: P = 430x + 520y
Resource constraints: 5x + 7y ≤ 3600, x + 3y ≤ 1200, 4x + 4y ≤ 2800

Theorems

Linear Programming Theorem

Suitable Grade Level

Grades 11-12