4 Colin has a hobby from which he makes a small income. He makes bowls, candle holders and key fobs.
The materials he uses include wood, metal parts, polish and sandpaper. They cost, on average, \(\pounds 15\) per bowl, \(\pounds 6\) per candle holder and \(\pounds 2\) per key fob. Colin has a monthly budget of \(\pounds 100\) for materials.
Colin spends no more than 30 hours per month on manufacturing these objects. Each bowl takes 4 hours, each candle holder takes 2 hours and each key fob takes half an hour.
- Let \(b\) be the number of bowls Colin makes in a month, \(c\) the number of candle holders and \(f\) the number of key fobs. Write out, in terms of these variables, two constraints corresponding to the limit on monthly expenditure on materials, and to the limit on Colin's time.
Colin sells the objects at craft fairs. He charges \(\pounds 30\) for a bowl, \(\pounds 15\) for a candle holder and \(\pounds 3\) for a key fob.
- Set up an initial simplex tableau for the problem of maximising Colin's monthly income subject to your constraints from part (i), assuming that he sells all that he produces.
- Use the simplex algorithm to solve your LP, and interpret the solution from the simplex algorithm.
Over a spell of several months Colin finds it difficult to sell bowls so he stops making them.
- Modify and solve your LP, using simplex, to find how many candle holders and how many key fobs he should make, and interpret your solution.
At the next craft fair Colin takes an order for 4 bowls. He promises to make exactly 4 bowls in the next month.
- Set up this modified problem either as an application of two-stage simplex, or as an application of the big-M method. You are not required to solve the problem.
The solution now is for Colin to produce 4 bowls, \(6 \frac { 2 } { 3 }\) candle holders and no key fobs.
- What is Colin's best integer solution to the problem?
- Your answer to part (vi) is not necessarily the integer solution giving the maximum profit for Colin. Explain why.