(Answered) : Plant Assembles Chairs Tables Average Assembly Times 20 Minutes Chair Sales Forecasts Next Q28132438

A plant assembles chairs and tables. The average assembly timesare 20 minutes/chair. Sales

forecasts for the next three months are given in the table.

Product March April Current inventory

Chair 2800 2300 30

Table 500 800 100

The production costs and the selling prices for the products areshown next.

Product Unit cost Unit price

Chair $150/chair $250/chair

table $400/table $750/table

Monthly inventory charges are 2% of the production cost.

The workforce will be available up to 32000 hours / month

3. a) Please formulate above scenario as LP for minimizing thetotal production costs.

First, define your decision variables, and then use them in yourLP model.

3. b) Please solve the LP model you