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The company of suits and dresses SA has to make a decision on how to maximize revenue in the manufacture and sale of a specific type of...
The company of suits and dresses "SA" has to make a decision on how to maximize revenue in the manufacture and sale of a specific type of suit and a specific type of dress. At the moment you have 80 yards of cotton and 120 yards of woolen cloth to make said suits and dresses.
For the preparation of the suit you will need 1 yard of cotton fabric and 3 yards of wool fabric. While for the dress you will need 2 yards of cotton cloth and 2 yards of wool fabric.
To make a decision on production we have 3 different scenarios:
a. When both confections are priced at $30
b. When the suits are worth $40 and the dresses $20
c. When the suits are worth $30 and the dresses $20
- How many dresses and suits must be done to maximize revenue? This is, which of the three scenarios above maximizes revenue?
(Solve the linear programming problem using the Simplex method.)
