A company produces 2 types of frames, an ATB frame and a race frame For the ATB frama you need 4kg of aluminum and 6kg of steel, for the race from you need 5kg of aluminum and 2kg of steel. They sell the ATB frames for 1960 euros a piece and the race frame for 1240 euros a piece. They only have a maximum of 70kg of aluminum a day and 72kg of steel a day. The company wants to maximize its profit. To do this they need to decide how many ATB frames and how many race framer they should make, given the amount of aluminum and steel they have.
What I have tried:
Let $x_1$ = number of ATB frames made in 1 day, and $x_2$ = number of race frames made in 1 day.
So before I tackle this problem using simplex, I need to know the constraints on this. But I have a hard time figuring out what they are. This is what I thought:
$$x_1 \leq 12$$
$$ x_2 \leq 14$$
Because that is the maximum they can produce I believe. But my problem is, this is all I have. I don't really know the $z$, I don't know any other constraints and I don't know what to do with the prices of these products, i.e. how to incorporate them into this mathematically.
Any help would be much appreciated.