Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. statistics
  3. hire-a-car system rents three types of cars at two

Hire-a-Car System rents three types of cars at two different locations. The profit made per day...

60.1K

Verified Solution

Question

Statistics

  1. Hire-a-Car System rents three types of cars at two differentlocations. The profit made per day for each car type and company atthe two locations is listed below:

Car Type

Company

Type 1

Type 2

Type 3

A

$25

$40

$10

B

$30

$35

$45

The management forecasts the demandper day by car type. A linear programming model developed tomaximize profit is used to determine how many reservations toaccept for each type of car. The demand forecast for a particularday is 125 rentals for Type 1 cars, 55 rentals for Type 2 cars, and40 rentals for Type 3 cars. The company has 100 cars in location Aand 120 cars in location B.

Use linear programming to determinehow many reservations to accept for each car type and how thereservations should be allocated to the different locations. Is thedemand for any car type not satisfied? Explain.

Answer & Explanation Solved by verified expert
4.3 Ratings (767 Votes)
AnswerObjective To maximize ProfitFollowing is the excel    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Find the absolute maximum and minimum values of the function, if they exist, over the indicated...

Advance Math
1.2K views

You have a jar containing pennies, nickels, dimes, and quarters. In how many ways can you...

Physics
1.2K views

If the mass of a hydrogen atom is 1 0078 u and that of a...

Basic Math
1.2K views

A cookie company uses one cup of sugar for every 20 cookies it makes.Let S...

Statistics
1.2K views

18 18 A state lottery involves the random selection of six different numbers between 1...

Accounting
1.2K views

Safari Equipment Company has several divisions that are investment centers. Data for the Boat Division...

Accounting
1.2K views

#53 Prepare a trial balance, listing the following accounts in proper sequence. The...

Accounting
1.2K views

Schedule of Cash Receipts Rosita Flores owns Rosita's Mexican Restaurant in Tempe, Arizona. Rosita's is...

Accounting
1.2K views

Please show work, thank you.

Accounting
1.2K views

correct the mistakes (red) Exercise 14-7 Your answer is partially correct. Try again. Oriole...

Accounting
1.2K views

a. On July 1 , Sandhill Co. sold merchandise on account to Waegelein Inc. for...

Accounting
1.2K views

Zenith Company's Merchandise Inventory account at year-end has a balance of $91,820, but a physical...