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A company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board ft of oak are available. A table requires 17 board ft of oak, and a chair requires 5 board ft of oak. Each table can be sold for $40, and each chair for $15. A LP model has been formulated to help the company determine the production plan that maximizes revenue.   Please develop your code using any programming language to solve the LP model and find an optimal production plan. Hint: condition and looping structure.

A company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board ft of oak are available. A table requires 17 board ft of oak, and a chair requires 5 board ft of oak. Each table can be sold for $40, and each chair for $15. A LP model has been formulated to help the company determine the production plan that maximizes revenue.   Please develop your code using any programming language to solve the LP model and find an optimal production plan. Hint: condition and looping structure.

Operations Research : Applications and Algorithms
Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter16: Probabilistic Inventory Models
Section: Chapter Questions
Problem 2RP
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A company manufactures tables and chairs. Each table and chair must be made entirely out of oak or entirely out of pine. A total of 150 board ft of oak are available. A table requires 17 board ft of oak, and a chair requires 5 board ft of oak. Each table can be sold for $40, and each chair for $15. A LP model has been formulated to help the company determine the production plan that maximizes revenue.

 

  • Please develop your code using any programming language to solve the LP model and find an optimal production plan. Hint: condition and looping structure.
  • Please draw a flow chart for the program.
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