You have a new job as a Financial Planning assistant. Your client wants to invest money in stocks, bonds, and treasuries that have the dividend yields shown in the table below. Your job is to allocate their money across these three investments such that the total dollars of bonds plus treasuries equals the total dollars of stocks. In addition, they have identified the maximum investment in each of those three investment types (also shown below). Maximize the dividends earned. Your answer will be the total dollars to be invested in Treasuries (rounded to whole dollars). Use Scenario 1You work for the Brad’s Nailer Company which manufactures three types of nailers: a pneumatic model, the "ProLine", and a cordless model. You have contracted to supply a national retail chain with all three models of nailers. However, Brad’s nailer production capability is limited in two departments: production and packaging. The goal is to maximize your revenue. (The number of nailers must be a whole number, and the total number of Pneumatic plus Cordless nailers must be at least twice the number of Proline nailers.) Your answer will be the number of ProLine nailers to be produced.   Use Scenario 3   1   2 Pneum. Sales Price 46 55.50 38.50 Pneum. Prod Hrs 0.25 0.4 0.25 Pneum. Pkg Hrs 0.1 0.1 0.1 Pneum. Sales 21,000 20,000 18,000 ProLine Sales Price 71 79.95 59.95 ProLine Prod Hrs 0.3 0.4 0.4 ProLine Pkg Hrs 0.2 0.2 0.1 ProLine Sales 1,500 1,250 5,750 Cordless Sales Price 59 64.95 49.50 Cordless Prod Hrs 0.25 0.25 0.3 Cordless Pkg Hrs 0.1 0.1 0.1 Cordless Sales 15,000 12,000 12,000 Prod Hrs max 24,500 14,000 14,000 Pkg Hrs max 4,800 5,000 4,500

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section: Chapter Questions
Problem 107P
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You have a new job as a Financial Planning assistant. Your client wants to invest money in stocks, bonds, and treasuries that have the dividend yields shown in the table below. Your job is to allocate their money across these three investments such that the total dollars of bonds plus treasuries equals the total dollars of stocks. In addition, they have identified the maximum investment in each of those three investment types (also shown below). Maximize the dividends earned. Your answer will be the total dollars to be invested in Treasuries (rounded to whole dollars). Use Scenario 1You work for the Brad’s Nailer Company which manufactures three types of nailers: a pneumatic model, the "ProLine", and a cordless model. You have contracted to supply a national retail chain with all three models of nailers. However, Brad’s nailer production capability is limited in two departments: production and packaging. The goal is to maximize your revenue. (The number of nailers must be a whole number, and the total number of Pneumatic plus Cordless nailers must be at least twice the number of Proline nailers.) Your answer will be the number of ProLine nailers to be produced.

 

Use Scenario 3

 

1

 

2
Pneum. Sales Price 46 55.50 38.50
Pneum. Prod Hrs 0.25 0.4 0.25
Pneum. Pkg Hrs 0.1 0.1 0.1
Pneum. Sales 21,000 20,000 18,000
ProLine Sales Price 71 79.95 59.95
ProLine Prod Hrs 0.3 0.4 0.4
ProLine Pkg Hrs 0.2 0.2 0.1
ProLine Sales 1,500 1,250 5,750
Cordless Sales Price 59 64.95 49.50
Cordless Prod Hrs 0.25 0.25 0.3
Cordless Pkg Hrs 0.1 0.1 0.1
Cordless Sales 15,000 12,000 12,000
Prod Hrs max 24,500 14,000 14,000
Pkg Hrs max 4,800 5,000 4,500
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ISBN:
9781337406659
Author:
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Publisher:
Cengage,