Determine the decision variables

Assignment Help Econometrics

Reference no: EM13177527

The Charm City Cereal Company makes a cereal from several ingredients. Two of the ingredients, oats and rice, provide vitamins A and B. The company wants to know how many ounces of oats and rice it should include in each box of cereal to meet the minimum requirements of 45 milligrams of vitamin A and 20 milligrams of vitamin B while minimizing cost. An ounce of oats contributes 8.5 milligrams of vitamin A and 1.2 milligram of vitamin B, whereas an ounce of rice contributes 6.4 milligrams of A and 2.2 milligrams of B. An ounce of oats costs $0.08, and an ounce of rice costs $0.05.

Formulate a linear programming model for the above situation by determining
(a) The decision variables.
(b) The objective function.
(c) All the constraints.

Reference no: EM13177527

Questions Cloud

How much does each have : Eve said to Adam, "If you give me one dollar, then we will have the same amount of money." Adam then replied, "Eve, if you give me one dollar I will have double the amount of money you are left with." How much does each have?

How might a company reduce its cash conversion cycle : Why might a company want to reduce its cash conversion cycle - How might a company reduce its cash conversion cycle?

What would happen to america''s current account : If American consumers decrease their spending on imports but leave their overall consumption spending constant, "hence buying more locally made goods", with all other factors constant what would happen to America's current Account and why ?

Is the doctor''s research an abuse of technology : Should the doctor's activity be considered a violation of the law, a deviant act, or neither? If this activity is a violation of the law or should be, how may it be stopped, especially if the doctor goes overseas? Is the doctor's research an abuse of..

Determine the decision variables : A and 20 milligrams of vitamin B while minimizing cost. An ounce of oats contributes 8.5 milligrams of vitamin A and 1.2 milligram of vitamin B, whereas an ounce of rice contributes 6.4 milligrams of A and 2.2 milligrams of B. An ounce of oats cos..

How management should use an activity based budget : Describe the meaning and the components of a financial reporting system, write a description of how management should use an activity based budget instead of an operating budget and explain the similarities and differences of the two budgets

What is germany''s current account balance : Germany consumers have $50 in income "their gross domestice product". They spend $35 on consumer goods "$25 on Germany goods and $10 on imports", they save $8, and pay $7 in taxes. The government collects $7 in taxes and spends $10 on locally-made..

Compute the net increase or decrease in net income : Compute the net increase or decrease in net income for the month from the recognition of the adjustments

What is the purpose of government : What is the purpose of government? Why do we need government? Should the government have any concern for the moral character of the citizens? If not, then what should the government be concerned with?

User Account

All Pages