Question 1:

The local bookstore must determine how many of each of the four new books on photonics it

must order to satisfy the new interest generated in the discipline. Book 1 costs $40, will

provide a profit of $8, and requires 1 inch of shelf space. Book 2 costs $55, will provide a

profit of $15, and requires 2 inches of shelf space. Book 3 costs $75, will provide a profit of

$9, and requires 5 inches of shelf space. Book 4 costs $55, will provide a profit of $30, and

requires 1 inch of shelf space. In addition, the bookstore now offering a promotion that

purchasing one Book 4 will get one Book 1 free.

Find the number of each type that must be ordered to maximize the profit. Total shelf space is

200 inches. Total amount available for ordering is $5000. It has been decided to order at least

10 Book 2.

(1) Establish the model of the optimisation problem. State clearly in words what the decision

variables are, what the objective function and the equation/inequality constraints represent.

(2) Suppose the number of Book 2 is twice the number of Book 3, and the number of Book 4

is fixed as 5, establish the model of the new optimisation problem.

(3) For the model established in step (2), obtain the graphical solution using MATLAB.

(4) Change one of the parameters to cause the optimal solution (optimal design variables)

changes and solve the problem again.