were going up for bidding. CURT decided to purchase used concrete blocks which he could sell for 12 each he could buy additional floor planks which he sells for P20 each. CURT realized that a bid of P1 per concre block should be sufficient for him to buy as many blocks that he wanted. Likewise, he found that a bid of P would enable him to successfully purchase as many planks as he wanted. The only limitation for CURT V hat all itame hought during the al of th and his pick up could

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter9: Pricing Construction Equipment
Section: Chapter Questions
Problem 6RQ
icon
Related questions
Question
CURT owns a small store selling used construction materials. He attended an auction where such materials
were going up for bidding. CURT 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. CURT realized that a bid of PI 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 CURT 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. CURT could only make a single trip.
Formulate the LP model that will enable CURT to maximize his profit.
Transcribed Image Text:CURT owns a small store selling used construction materials. He attended an auction where such materials were going up for bidding. CURT 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. CURT realized that a bid of PI 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 CURT 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. CURT could only make a single trip. Formulate the LP model that will enable CURT to maximize his profit.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Estimating construction costs
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Fundamentals Of Construction Estimating
Fundamentals Of Construction Estimating
Civil Engineering
ISBN:
9781337399395
Author:
Pratt, David J.
Publisher:
Cengage,
Architectural Drafting and Design (MindTap Course…
Architectural Drafting and Design (MindTap Course…
Civil Engineering
ISBN:
9781285165738
Author:
Alan Jefferis, David A. Madsen, David P. Madsen
Publisher:
Cengage Learning