A local car dealer is advertising a lease on a Ford Explorer. The upfront cost is $5000 with a monthly lease payment of $289. Th
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Answer:
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Step-by-step explanation:
Chancellor Manufacturing makes two pumps for use in household reef aquariums. The Standard pump (Model A) requires 4.5 lbs of stainless steel while the Deluxe lightweight pump (Model B) 3.0 lbs of stainless steel. There are 63 lbs of stainless steel available during this production period. The combined production of both pumps must be at least 12 pumps. There are orders for at least 6 of the lightweight Model B. Lastly, management has decided that no more than 15 Model B pumps be produced.
The cost to produce one Standard pump is $150 and to produce one Deluxe pump is $210.
Solution:
a) Let x represent model pump A and let y represent model pump B.
Since There are 63 lbs of stainless steel available, hence:
4.5x + 3y ≤ 63
Both pumps must be at least 12 pumps. Therefore:
x + y ≤ 12
There are orders for at least 6 of the lightweight Model B:
y ≥ 6
Also, no more than 15 Model B pumps be produced:
y ≤ 15
The cost to produce one Standard pump is $150 and to produce one Deluxe pump is $210. The cost equation is:
Minimize Cost = 150x + 210y
b)
Hence the LP formation is:
Minimize Cost = 150x + 210y
4.5x + 3y ≤ 63
x + y ≤ 12
y ≥ 6
y ≤ 15
x ≥ 0.
c) The LP problem was solved using geogebra online graphing tool.
The points that satisfy the problem are:
(0, 6), (0,12), (6, 6)
At (0,6); cost = 150(0) + 210(6) = 1260
At (0,6); cost = 150(0) + 210(12) = 2520
At (6,6); cost = 150(6) + 210(6) = 2160
Hence the minimum cost is at (0, 6)
