Lp Model Jewelry
1. **State the problem:**
We want to determine how many necklaces and bracelets to make to maximize profit, given constraints on gold, platinum, and demand.
2. **Define variables:**
Let $x$ = number of necklaces
Let $y$ = number of bracelets
3. **Write the objective function:**
Maximize profit $P = 300x + 400y$
4. **Write the constraints:**
- Gold constraint: each necklace uses 3 ounces, each bracelet 2 ounces, total gold available is 18 ounces
$$3x + 2y \leq 18$$
- Platinum constraint: each necklace uses 2 ounces, each bracelet 4 ounces, total platinum available is 20 ounces
$$2x + 4y \leq 20$$
- Demand constraint for bracelets: no more than 4 bracelets
$$y \leq 4$$
- Non-negativity constraints:
$$x \geq 0, \quad y \geq 0$$
5. **Summary:**
The linear programming model is:
$$\text{Maximize } P = 300x + 400y$$
subject to
$$3x + 2y \leq 18$$
$$2x + 4y \leq 20$$
$$y \leq 4$$
$$x \geq 0, y \geq 0$$
This model can be solved using graphical or simplex methods to find the optimal number of necklaces and bracelets to maximize profit.