Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited so at most 8 will be produced.Suppose the company can purchase more varnishing time for $3.00, should it be purchased and how much can be bought before the value of the additional time is uncertain? Base your response on the following Risk Solver Platform (RSP) sensitivity output.
The LP model for the problem is

Question

Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited so at most 8 will be produced.Suppose the company can purchase more varnishing time for $3.00, should it be purchased and how much can be bought before the value of the additional time is uncertain? Base your response on the following Risk Solver Platform (RSP) sensitivity output.
  The LP model for the problem is

Quizplus · Accepted Answer

The Answer of Jones Furniture Company produces beds and desks for college students. The production process requires carpentry and varnishing. Each bed requires 6 hours of carpentry and 4 hour of varnishing. Each desk requires 4 hours of carpentry and 8 hours of varnishing. There are 36 hours of carpentry time and 40 hours of varnishing time available. Beds generate $30 of profit and desks generate $40 of profit. Demand for desks is limited so at most 8 will be produced.Suppose the company can purchase more varnishing time for $3.00, should it be purchased and how much can be bought before the value of the additional time is uncertain? Base your response on the following Risk Solver Platform (RSP) sensitivity output.
  The LP model for the problem is

Jones Furniture Company Produces Beds and Desks for College Students