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28 March, 12:18

There are many unstated assumptions in the problem given above. Even if the mathematical solution is to make only one or two types of bicycles, there may be demand for the type (s) not being made, which would create problems for the company. Discuss this and other difficulties that would arise in a real situation. Choose the correct answer below. A. The company may acquire more units of aluminum and steel, which would allow for producing more bicycles. A linear programming model cannot account for this. B. Due to higher production of certain types of bicycles, the company may incur higher costs for bicycle repairs. This would reduce the profit generated for certain levels of production. C. Producing more of one type of bicycle requires producing fewer of another type of bicycle. The linear programming model does not account for this. D. The company might need to lower the price of one type of bicycle to sell the predicted number of them. This would reduce the profit generated.

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  1. 28 March, 14:15
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    The unstated assumptions in the problems given is that the company may require more units of aluminium and steel, which would allow for producing more bicycles. A linear programming model cannot account for this.

    Explanation:

    Linear programming model: this is an algebraic description of te objectives to be minimized and the constraints to be satisfied by the variables.
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