Please answer all will surely given an upvote thank you An airline company offers standard andbusiness class tickets. Each flight has to sell aminimum of 40 standard tickets and aminimum of 25 business class tickets. Eachstandard ticket has a profit of $ 250 for eachwhile each business class ticket has a profitof $ 200. The plane has a capacity of at most150 passengers.1. Formulate the linear programming problem.Define each variable properly.2. Plot the constraints and identify thefeasible region.3. Solve for the optimal solution. How many ofeach ticket should be sold to maximizeprofits? How much is the maximum profit?

Linear programming is a mathematical technique that is also used in operations management…

Answered: 1. Formulate the linear programming…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter9: Decision Making Under Uncertainty

Section: Chapter Questions

Problem 34P

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In problems involving maximization and minimization, what is the objective function? States intended outcome in equation form Incorporates constraint of maximum budget Lists set of potential restrictions on the solution Cites constraints to ensure objectivity

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1. Formulate the linear programming problem. Define each variable properly. 2. Plot the constraints and identify the feasible region. 3. Solve for the optimal solution. How many of each ticket should be sold to maximize profits? How much is the maximum profit?