Formulate the Following as a Linear Program

question 99

Essay

Formulate the following as a linear program.
Dane's aircraft muffler manufacturers have 1000 linear feet of steel on hand to manufacture the three top selling muffler sets. Super mufflers (S) provide $35 profit and common (C) mufflers' profit margin is $31, while the deluxe (D) muffler set provides a $40 profit margin. It takes 31 hours to make the super muffler, 29 hours to manufacture the common muffler, and 40 hours to build the deluxe muffler. If Dane is limited to 200 hours a month what is the optimum combination of mufflers to manufacture to maximize his profits?

---

Definitions:

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Futures Contract

A standardized legal agreement to buy or sell something at a predetermined price at a specified future date.

Wilshire 5000

A metric assessing the performance of all equity securities based in the U.S. for which price information is easily accessible.

DJIA

Stands for Dow Jones Industrial Average, which is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.