Problem 23
Question
In \(1978,\) a ruling by the Civil Aeronautics Board allowed Federal Express to purchase larger aircraft. Federal Express's options included 20 Boeing 727 s that United Airlines was retiring and/or the French-built Dassault Fanjet Falcon \(20 .\) To aid in their decision, executives at Federal Express analyzed the following data: $$\begin{array}{lcc}\hline & \text { Boeing 727 } & \text { Falcon 20 } \\\\\hline \text { Direct Operating cost } & \$ 1400 \text { per hour } & \$ 500 \text { per hour } \\\\\text { Payload } & 42,000 \text { pounds } & 6000 \text { pounds }\end{array}$$ Federal Express was faced with the following constraints: \(\cdot\) Hourly operating cost was limited to \(\$ 35,000 .\) \(\cdot\) Total payload had to be at least \(672,000\) pounds. \(\cdot\) Only twenty 727 s were available. Given the constraints, how many of each kind of aircraft should Federal Express have purchased to maximize the number of aircraft?
Step-by-Step Solution
VerifiedKey Concepts
Constraints
One constraint relates to the **hourly operating cost**, set at a maximum of $35,000. This means that the combined hourly costs from operating the Boeing 727s and Falcon 20s should not exceed this amount. The equation representing this constraint is written as:
- \(1400x + 500y \leq 35000\)
- \(42000x + 6000y \geq 672000\)
- \(x \leq 20\)
Graphical Solution
Here's a simple approach to achieve this:
- First, convert each inequality into an equation to graph the boundary lines of the constraints.
- Plot these lines on a coordinate graph, where the x-axis denotes the number of Boeing 727s, and the y-axis represents the Falcon 20s.
- The area where all shaded regions overlap is known as the **feasible region**. This region contains all possible solutions that satisfy the given constraints.
Inequalities
Here are the primary types of inequalities used:
- **Linear inequalities** form the backbone of constraints, conveying restrictions like budget limits or capacity requirements. For example, the inequality \(1400x + 500y \leq 35000\) assures that operating costs do not exceed allowed limits.
- **Inequality signs** (">=", "<=") represent conditions that must be fulfilled. "<=" denotes an upper limit scenario, while ">=" defines a minimum requirement.
- In our exercise, each inequality specifies a criterion limiting the solution set, ensuring it only includes combinations of Boeing 727s and Falcon 20s that meet every condition simultaneously.