Solution) The Outdoor Furniture Corporation manufactures two products, benches and picnic tables for use in ya
Question: The Outdoor Furniture Corporation manufactures two products, benches and picnic tables for use in yards and parks.
The firm has two main resources:
Carpenters (labor force) and supply of redwood for use in furniture.
During the next production cycle, 1,200 hours of labor are available under a union agreement. The firm also has a stock of 3500 feet of good quality redwood. Each bench that Outdoor furniture company produces requires 4hrs of labor and 10 feet of redwood. Each picnic table takes 6 labor hours and 35 feet of redwood.
Completed benches yield a profit of $9/each and tables result in $20/each.
How many benches and tables should Outdoor Furniture produce to obtain the largest profit? Use the graphical LP (linear programming) approach.
Deliverables: Word Document
