1. Jewelry Store Homework Solution
MGMT E-5050
Strategic Resource
Allocation and
Planning
Jewelry Store
Homework Solution

2. Problem Statement The Jewelry Store
A jewelry store makes necklaces and bracelets from gold and platinum.
The store has eighteen (18) ounces of gold and twenty (20) ounces of
platinum.
Each necklace requires three (3) ounces of gold and two (2) ounces of
platinum, while each bracelet requires two (2) ounces of gold and four
(4) ounces of platinum.
The demand for bracelets cannot be more than four (4).
A necklace earns $ in profit and a bracelet earns $ in pro-
fit.
The store wants to determine the number of necklaces and bracelets to
make in order to maximize profit.

3. Problem Statement The Jewelry Store Requirement:
Compute the 1st and 2nd feasible solutions manually.
Solve the entire problem using either QM for WINDOWS or
Excel QM.

9. The Jewelry Store Point X1 X2 Z A $0.00 B 4 $1,600.00 C 2 $2,200.00 D
Optimal Graphical Solution
Point X1 X2 Z A
$0.00 B 4
$1,600.00 C 2
$2,200.00 D 3
$2,400.00 E 6
$1,800.00

35. Jewelry Store Homework Solution
MGMT E-5050