Giapetto's Woodcarving, Inc., manufactures two types of wooden toys: soldiers and trains.A soldier sells for $27 and uses $10 worth of raw materials. Each soldier that is manu-factured increases Giapetto's variable labor and overhead costs by $14. A train sells for$21 and uses $9 worth of raw materials. Each train built increases Giapetto's variable la-bor and overhead costs by $10. The manufacture of wooden soldiers and trains requirestwo types of skilled labor: carpentry and finishing. A soldier requires 2 hours of finishinglabor and 1 hour of carpentry labor. A train requires 1 hour of finishing and 1 hour of car-pentry labor. Each week, Giapetto can obtain all the needed raw material but only 100 fin-ishing hours and 80 carpentry hours. Demand for trains is unlimited, but at most 40 sol-diers are bought each week. Giapetto wants to maximize weekly profit (revenues – costs).Formulate a mathematical model of Giapetto's situation that can be used to maximize Gi-apetto's weekly profit.

Variables S = No . of soldiers toys to be manufactured in a week T = No. of trains toys to be…

Answered: Giapetto's Woodcarving, Inc.,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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