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LP Model Formulation Please make sure that your answers in LP Model Formulation are composed of Decision Variables, Objective Function and Constraints. PIOLO owns a small store selling used construction materials. He attended an auction where such materials were going up for bidding. PIOLO decided to purchase used concrete blocks which he could sell for P2 each or he could buy additional floor planks which he sells for P20 each. PIOLO realized that a bid of P1 per concrete block should be sufficient for him to buy as many blocks that he wanted. Likewise, he found that a bid of P16 would enable him to successfully purchase as many planks as he wanted. The only limitation for PIOLO was that all items bought during the auction had to be hauled away by the end of the sale and his pick-up could only carry a maximum load of 2 tons and volume of 60 cu.ft. Each concrete block weighed 40 kilos and is 0.5 cu.ft. in volume. Each plank weighed 20 kilos and is 1 cu.ft. in volume. PIOLO could only make a single trip. Formulate the LP model that will enable PIOLO to maximize his profit.

LP Model Formulation Please make sure that your answers in LP Model Formulation are composed of Decision Variables, Objective Function and Constraints. PIOLO owns a small store selling used construction materials. He attended an auction where such materials were going up for bidding. PIOLO decided to purchase used concrete blocks which he could sell for P2 each or he could buy additional floor planks which he sells for P20 each. PIOLO realized that a bid of P1 per concrete block should be sufficient for him to buy as many blocks that he wanted. Likewise, he found that a bid of P16 would enable him to successfully purchase as many planks as he wanted. The only limitation for PIOLO was that all items bought during the auction had to be hauled away by the end of the sale and his pick-up could only carry a maximum load of 2 tons and volume of 60 cu.ft. Each concrete block weighed 40 kilos and is 0.5 cu.ft. in volume. Each plank weighed 20 kilos and is 1 cu.ft. in volume. PIOLO could only make a single trip. Formulate the LP model that will enable PIOLO to maximize his profit.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
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LP Model Formulation Please make sure that your answers in LP Model Formulation are composed of Decision Variables, Objective Function and Constraints. PIOLO owns a small store selling used construction materials. He attended an auction where such materials were going up for bidding. PIOLO decided to purchase used concrete blocks which he could sell for P2 each or he could buy additional floor planks which he sells for P20 each. PIOLO realized that a bid of P1 per concrete block should be sufficient for him to buy as many blocks that he wanted. Likewise, he found that a bid of P16 would enable him to successfully purchase as many planks as he wanted. The only limitation for PIOLO was that all items bought during the auction had to be hauled away by the end of the sale and his pick-up could only carry a maximum load of 2 tons and volume of 60 cu.ft. Each concrete block weighed 40 kilos and is 0.5 cu.ft. in volume. Each plank weighed 20 kilos and is 1 cu.ft. in volume. PIOLO could only make a single trip. Formulate the LP model that will enable PIOLO to maximize his profit.
Transcribed Image Text:LP Model Formulation Please make sure that your answers in LP Model Formulation are composed of Decision Variables, Objective Function and Constraints. PIOLO owns a small store selling used construction materials. He attended an auction where such materials were going up for bidding. PIOLO decided to purchase used concrete blocks which he could sell for P2 each or he could buy additional floor planks which he sells for P20 each. PIOLO realized that a bid of P1 per concrete block should be sufficient for him to buy as many blocks that he wanted. Likewise, he found that a bid of P16 would enable him to successfully purchase as many planks as he wanted. The only limitation for PIOLO was that all items bought during the auction had to be hauled away by the end of the sale and his pick-up could only carry a maximum load of 2 tons and volume of 60 cu.ft. Each concrete block weighed 40 kilos and is 0.5 cu.ft. in volume. Each plank weighed 20 kilos and is 1 cu.ft. in volume. PIOLO could only make a single trip. Formulate the LP model that will enable PIOLO to maximize his profit.
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