A company assembles three different poker sets. Each Royal Flush poker set contains 1000 poker chips, 10 decks of cards, 4 dice, and 2 dealer buttons. Each Deluxe Diamond poker set contains 600 poker chips, 5 decks of cards, 2 dice, and one dealer button. The Full House poker set contains 300 poker chips, 5 decks of cards, 2 dice, and one dealer button. The company has 2,900,000 poker chips, 25,000 decks of cards, 10,000 dice, and 6500 dealer buttons in stock. They earn a profit of $38 for each Royal Flush poker set, $22 for each Deluxe Diamond poker set, and $12 for each Full House poker set. Use the simplex method to complete parts (a) and (b). ..... (a) How many of each type of poker set should the company assemble to maximize profit? What is the maximum profit? Begin by finding the objective function. Let x,, x2, and x3 be the numbers of Royal Flush, Deluxe Diamond, and Full House poker sets, respectively. What is the objective function? (Do not include the $ symbol in your answers.)
A company assembles three different poker sets. Each Royal Flush poker set contains 1000 poker chips, 10 decks of cards, 4 dice, and 2 dealer buttons. Each Deluxe Diamond poker set contains 600 poker chips, 5 decks of cards, 2 dice, and one dealer button. The Full House poker set contains 300 poker chips, 5 decks of cards, 2 dice, and one dealer button. The company has 2,900,000 poker chips, 25,000 decks of cards, 10,000 dice, and 6500 dealer buttons in stock. They earn a profit of $38 for each Royal Flush poker set, $22 for each Deluxe Diamond poker set, and $12 for each Full House poker set. Use the simplex method to complete parts (a) and (b). ..... (a) How many of each type of poker set should the company assemble to maximize profit? What is the maximum profit? Begin by finding the objective function. Let x,, x2, and x3 be the numbers of Royal Flush, Deluxe Diamond, and Full House poker sets, respectively. What is the objective function? (Do not include the $ symbol in your answers.)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section: Chapter Questions
Problem 107P
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