Problem: burger office equipment produces two types of desks:
Develop a linear mathematical optimization model to determine how many of each desk the company should make next week to maximize profit contribution.
Implement your model on a spreadsheet and find an optimal solution using Solver.
Explain the reduced cost associated with standard desks.
What constraints are binding?
If 25% of the oak is determined to be cosmetically defective, how will the optimal solution be affected?
The shop supervisor has suggested that his workers be allowed to work an additional 50 hours at an overtime premium of $12/hr – is this a good idea? Why or why not?