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Lakeside Boatworks is planning to manufacture three types of molded fiberglass recreational boats -a fishing (bass) boat, a ski boat, and a small speedboat. The estimated selling price and variable cost for each type of boat are summarized in the following table: Boat Variable Cost Selling Price Bass $12,500 $23,000

Lakeside Boatworks is planning to manufacture three types of molded fiberglass recreational boats -a fishing (bass) boat, a ski boat, and a small speedboat. The estimated selling price and variable cost for each type of boat are summarized in the following table: Boat Variable Cost Selling Price Bass $12,500 $23,000

Computer Networking: A Top-Down Approach (7th Edition)
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Assignments Lakeside Boatworks is planning to manufacture three types of molded fiberglass recreational boats -a fishing (bass) boat, a ski boat, and a small speedboat. The estimated selling price and variable cost for each type of boat are summarized in the following table: Boat Variable Cost Selling Price Bass $12,500 $23,000 Ski 8,500 18,000 Speed 13,700 26,000 The company has incurred fixed costs of $2,800,000 to set up its manufacturing operation and begin production. Lakeside has also entered into agreements with several boat dealers in the re- gion to provide a minimum of 70 bass boats, 50 ski boats, and 50 speedboats. Alternatively, the company is unsure of what actual demand will be, so it has decided to limit production to no more than 120 of any one boat. The company wants to determine the number of boats that it must sell to break even while minimizing its total variable cost. 1. Formulate a linear programming model for this problem. 2. Solve the model by using the computer. Ims.uqu.edu.sa a Please, I want excel sheet with the answer.
Transcribed Image Text:Assignments Lakeside Boatworks is planning to manufacture three types of molded fiberglass recreational boats -a fishing (bass) boat, a ski boat, and a small speedboat. The estimated selling price and variable cost for each type of boat are summarized in the following table: Boat Variable Cost Selling Price Bass $12,500 $23,000 Ski 8,500 18,000 Speed 13,700 26,000 The company has incurred fixed costs of $2,800,000 to set up its manufacturing operation and begin production. Lakeside has also entered into agreements with several boat dealers in the re- gion to provide a minimum of 70 bass boats, 50 ski boats, and 50 speedboats. Alternatively, the company is unsure of what actual demand will be, so it has decided to limit production to no more than 120 of any one boat. The company wants to determine the number of boats that it must sell to break even while minimizing its total variable cost. 1. Formulate a linear programming model for this problem. 2. Solve the model by using the computer. Ims.uqu.edu.sa a Please, I want excel sheet with the answer.
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