Tom Is a Habitual Shopper at Garage Sales

question 75

Essay

Tom is a habitual shopper at garage sales.Last Saturday he stopped at one where there were several types of used building materials for sale.At the low prices being asked,Tom knew that he could resell the items in another town for a substantial gain.Four things stood in his way: he could only make one round trip to resell the goods;his pickup truck bed would hold only 1000 pounds;the pickup truck bed could hold at most 70 cubic feet of merchandise;and he had only $200 cash with him.He wants to load his truck with the mix of materials that will yield the greatest profit when he resells them.
State the decision variables (give them labels).State the objective function.Formulate the constraints of this problem.Do not solve,but speculate on what might be a good solution for Tom.You must supply a set of quantities for the decision variables.Provide a sentence or two of support for your choice.

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Definitions:

Vital Signs

Measurements of the body's most basic functions, including temperature, pulse, respiration rate, and blood pressure.

Directing

The process of guiding, commanding, or influencing the behavior of others towards the achievement of certain objectives.

Management Function

The activities and responsibilities of managing an organization, often divided into planning, organizing, leading, and controlling.

Shared Leadership

A contemporary theory of leadership that recognizes the leadership capabilities of each member in a professional group and assumes that appropriate leadership will emerge in relation to the challenges that confront the group.