Linear programming In business decision making

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Business Finance

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IS 603 Assignment #1: Decision Modeling 1. An auto company manufactures cars and trucks. Each vehicle must be processed in the paint shop and body assembly shop. If the paint shop were only painting trucks, 40 trucks could be painted per day. If the paint shop were only painting cars, 50 cars could be painted per day. If the body shop were only assembling trucks, it could process 60 per day. If the body shop were only assembling cars, it could process 70 per day: Additionally, auto dealers require that the auto company produces at least 5 trucks per day; but the number of produced trucks per day can't exceed the number of produced cars by more than Each truck contributes $300 to profit, and each car contributes $200 to profit. The decision problem for the auto company is to determine a daily production plan that will maximize the company's profits Question: Can you create a linear programming model to determine how many cars and trucks should be produced on a weekly basis in order to achieve a maximum profit (You do NOT need to solve the model)?
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IS 603 Assignment #1: Decision Modeling
1. An auto company manufactures cars and trucks. Each vehicle must be processed in the paint
shop and body assembly shop.
If the paint shop were only painting trucks, 40 trucks could be...


Anonymous
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