Stickley Furniture Company is a manufacturer of fine hand- crafted furniture. During the next production cycle, management is considering producing dining room tables, dining room chairs, and bookcases. The requirements for each item are shown below, as well as the production cost per unit and selling price per unit.
Tables chairs bookcases available
Assembly time 80mins 40mins 50mins 8,100 mins
Finishing time 30mins 20mins 30mins 4,500 mins
Wood(pounds) 80 10 50 9,000 lbs
Production cost $500 $450 $600
Selling price $860 $575 $900
A) Determine the production levels for each item in order to maximize marginal profit, while working within the constraints.
B) Handwrite the linear program with all unknowns clearly identified
C) The optimal solution, stated in your words.
D) Identify the binding sources, if any