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:
- be the number of bargain sets produced.
- be the number of deluxe sets produced.
Objective Function (Profit):
The profit function is: We want to maximize this profit.
Constraints:
We have the following resource constraints:
- Assembly Line:
- Cabinet Shop:
- Testing and Packing:
- Non-negativity:
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:
- How would the maximum profit change if the available work-hours for the cabinet shop were reduced by 100 hours?
- What would happen if the company could increase the available work-hours for the assembly line by 500 hours?
- How would the optimal number of sets change if the profit for the deluxe sets dropped to $490?
- What methods can be used to solve such linear programming problems without software?
- 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
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