Formulate and solve the following linear program: You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $1,500 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,100. The amount spent on shelter alone must not exceed $800. Entertainment cannot exceed $400 per month. Each dollar spent on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 3, and each dollar spent on entertainment has a satisfaction value of 5.

Formulate and solve the following linear program: You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $1,500 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,100. The amount spent on shelter alone must not exceed $800. Entertainment cannot exceed $400 per month. Each dollar spent on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 3, and each dollar spent on entertainment has a satisfaction value of 5.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section: Chapter Questions

Problem 99P

See similar textbooks