Help me solve this linear programming problem. Can't decide whether it's a maximization/minimization problem?
In the J & K grocery store, shelf space is limited and must be used effectively to increase profit. Two cereal items, Grano and Wheatie, compete for a total shelf space of 79ft^2. A box of Grano occupies 0.2ft^2 and a box of Wheatie needs 0.4ft^2. The maximum daily demands of Grano and Wheatie are 280 and 127 boxes, respectively. A box of Grano nets $1.00 in profit and a box of Wheatie $1.47.
J & K thinks that because the unit profit of Wheatie is 47% higher than of Grano, Wheatie should be allocated 47% more space than Grano, which amounts to allocating about 73.5% to Wheatie and 26.5% to Grano.
Can someone help me formulate the LP model for this one? I've been trying for days. I need the answer by tmrw. Please help.
Thanks a million.