Your Name: Loy Higbee Group Members:_Joc0j 7 abel Optimizing Profit — Linear Programming Project 4 6 Background Information: Linear Programming is a technique used for optimization of a real-world situation. Examples of optimization include maximizing the number of items that can be manufactured or minimizing 6 the cost of production. The equation that represents the quantity to be optimized is called the objective function, since the objective of the process is to optimize the value. In this project the objective is to maximize the profit of a small business. itations or constraints that are represented by inequalities. Limitations on the number of items that can be produced, the number of hours that workers are available, and the amount of land a farmer has for crops are examples of constraints that can be represented using inequalities. Manufacturing an infinite number of items is not a realistic goal. In this project some of the constraints will be based on budget. Graphing the system of inequalities given by the constraints provides a visual representation of the possible solutions to the problem. If the graph is a closed region, it can be shown that the values that optimize the objective function will occur at one of the "corners" of the region. The Problem: In this project your group will solve the following problem: ‘A small business produces collars and leashes for dogs. The monthly costs and budget have been calculated. The cost of materials for each collar is $3.00 and the cost of materials for each leash is $4.00. The cost of labor will amount to $13.00 for each collar and $6.00 for each leash. The business does not wish to spend more than $240 on materials and $496 on Jabor each month. In addition, they want to produce at least 50 items per month but no more than 100 items per month. The profit from each collar will be $9.50, and the profit from each leash will be $10.25. How many of each item should be made to obtain the maximum profit? Modeling the Problem: Let x be the number of dog collars that are made and y be the number of leashes that are made. 1, Write down a linear inequality that models how the materials costs will be kept within budget. A uk * 2. Write down @ linear inequality that models how the labor costs will be kept within budget. \Sx toyz 3. Recall that the business wants to produce at least 50 items each month, Write down a linear inequality to model this constraint. 504 x+y4. The business wants to produce no more than 100 items each month. Write down a linear inequality to model this constraint. Kty L102 5. There are two more constraints that must be met, These relate to the fact that it is impossible to manufacture a negative number of items. Write the two inequalities that model these constraints: OLS 6. Next, write down the function for the profit that will be eamed by selling the dog collars and leashes. This is the Objective Function for the problem PH9.5x4 10.25 ‘You now have six linear inequalities and an objective function. These together describe the situation. This combined set of inequalities and objective function make up what is known mathematically as a linear programming problem. Write all of the inequalities and the objective function together below, one equation or inequality per line. This is typically written as a list of constraints, with the objective function last 04x7. To solve this problem, you will need to graph the intersection of all six inequalities on one common x,)-plane. Do this on the grid below. Have the bottom left be the origin, with the horizontal axis representing x and the vertical axis representing y. Label the axes with appropriate numbers and verbal descriptions, and label your lines with their equation. You may use your own graph paper or graphing software if you prefer. The shaded region in the above graph is called the feasible region. Any (x, y) point in the region corresponds to a possible number of collars and leashes that will meet all the requirements of the problem. However, the values that will maximize the profit will occur at one of the vertices or comers of the region.8. Your region should have four comers. Find the coordinates of these comers by_ solving the appropriate system of linear equations. Be sure to show your work and label the (x, y) coordinates of the corners in your graph. ) Mop roy = 196 9. To find which number of collars and leashes will maximize the profit, evaluate the objective function P for each of the vertices you found. Show your work. sutHy 2240) (SUG) +4y=240 ¢: 5(4%)= 496) 4 +Hy 220 yuare GHA ger month [440 2 o yt 140 10. Write a sentence describing how many of each item should be manufactured to produce the highest profit. Include the amount of the profit that will be earned. we necd | 6 collecs and YB leeshes to wake me xir Pott oF Ayune Your group's response to problem 11 needs to be typed and included on a seperate page. 11. Give three examples of optimization problems that are important to everyday life, Include a clear description of the problem, identify several constraints, and identify the quantity to be optimized. If you use a source, cite it,Tyler Higbee Math 1010 Brenda Gardner Linear project Optimizing Profit Linear Programming Project Question 11 Give three examples of optimization problems that are important to everyday life. Include a clear description of the problem. Identify several constraints, and identify the quantity to be optimized. If you use a source, cite it. Example 1 Movie theaters charge $5.25 for 44 02 of soda; they buy five gallon bag for $100. Provided nothing, goes wrong you can fill up 626 drinks using one five gallon box. Towards the end of the box you will use about 88 02 of soda that you will not be able to use. If you need to run the soda machine to fix the sod you are using product that you are not getting a profit for. You will need to sell about 19 cups in order to make the amount of money back you spent, sell 20+ in order to make a profit. Example 2 Buying food at a grocery store, most of the time people have a limited budget on what they can spend ata store and how long it should last them. Say someone only had $150 to spend on groceries at @ store and the food they buy should last them two weeks, all in order to feed a family of four. That is 3 meals a day for 14 days obviously things would be bought in large amounts. Since there are a ton of variables for this one depending on the food that is purchased I'm going to say that they need to spend a minimum of $2.50 for each meal to be able to last those 14 days. Example 3 Gas for the vehicle you drive. You are driving through the desert you see signs that say last stop for 120 miles you have a half a tank of gas your car can go 20 miles per gallon, your car has a 14 gallon tank should you stop for gas or can you make it the next 120 miles? You do not have to since you can go 140 miles with your remaining 7 gallons of gas, however you are in the desert so you are more than likely to use your AC which means some of your gas will be used in order to power that AC and keep you cool. Get gas!