Tom Is a Habitual Shopper at Garage Sales

question 12

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.
Formulate this problem as a linear program.

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Definitions:

Organization

An entity comprising multiple people working together towards a common goal, which can be classified as businesses, government bodies, or not-for-profits.

Industry Trends

Refers to the prevailing directions or developments in any given industry, often determined by consumer behavior, technological advancements, and regulatory changes.

Competitors

Entities, either companies or individuals, that compete in the same industry or market for customers.

Situation Analysis

An assessment of an organization's internal and external environments to understand its capabilities, customers, and business climate.