Question

A furniture store has set aside 800 square feet to display its sofas and chairs. Each sofa utilizes 50 sq. ft. and each chair utilizes 30 sq. ft. At least five sofas and at least five chairs are to be displayed.

a. Write a mathematical model representing the store's constraints.
b. Suppose the profit on sofas is $200 and on chairs is $100. On a given day, the probability that a displayed sofa will be sold is 0.03 and that a displayed chair will be sold is 0.05. Mathematically model each of the following objectives:

1. Maximize the total pieces of furniture displayed.
2. Maximize the total expected number of daily sales.
3. Maximize the total expected daily profit.

Answer 1

a) 50S + 30C ≤ 800

b) 1) MAX = S + C

2) Max = 0.03S + 0.05C

3) Max = 6S + 5C

Explanation:

Given:

Total space = 800 square feet

Each sofa = 50 square feet

Each chair = 30 square feet

At least 5 sofas and 5 chairs are to be displayed.

a) Write a mathematical model representing the store's constraints:

Let S denote number of sofas displayed and C denote number of chairs displayed.

The mathematical model will be:

50S + 30C ≤ 800

At least 5 sofas are to be dispayed: S ≥ 5

At least 5 chairs are to be displayed: C ≥ 5

b)

1) Maximize the total pieces of furniture displayed:

S + C = MAX

2) Maximize the total expected number of daily sales:

MAX = 0.03S + 0.05C

3) Maximize the total expected daily profit:

Given:

Profit on sofas = $200

Profit on chairs = $100

Max Expected daily profit =

Max = (200S * 0.03) + (100C * 0.05)

Max = 6S + 5C