Reference no: EM13823667
Julia's Food Booth
Julia may lease a warming oven for $600 for a six game football home-season game. the oven has 16 shelves, and each shelf is 3 feet by 4 feet. she plans to fill the oven with the food times (pizza, hot dogs and barbecue sandwiches) before the game and at half time. She has to pay $1,000 per game ($6,000 total) for a booth.
Julia has negotiated with a local pizza delivery coompany to deliver 14 inch cheese pizzas twice each game - two hours before the game and right after the opening kick-off. Each pizza will cost her $6 and will include 8 slices.
She estimates it will cost her $0.45 for each hot dog and $0.90 for each barbecue sandwich if shemakes the barbecue herself the night before. She measured a hot dog and found it takes up about 16 square inches of space and the barbecue sandwich takes up about 25 square inches.
she plans to sell a slice of pizza and a hot dog for $1.50 each
A barbecue sandwich will cost $2.25
She has $1,500 in cash available to purchase and prepare the food itmes for the first home game; for the remaining five games she will purchase the ingredients with money she has made from the previous game.
A. Formulate and solve a linear programming model for Julia that will help you advise her if she should lease the booth.
B. If Julia were to borrow some more money from a friend before the first game to purchase more ingredients, could she increase her profits? IF so, how much should she borrow and how much additional profit would she make? What factor constrains her from borrowing even more moeny than this amount (indicated in your anser to the previous question?)
C. When Julia looked at the solution in (A), she realized that it would be physically difficult for her to prepare all the hot dogs and barbecue sandwiches in this solution. She believes she can hire a friend of hers to help her for $100 per game. Based on the results in (A) and (B), is this something you think she could reasonably do and should she do it? Why?
D. Julia seems to be basing her analysis on the assumption that everything will go as she plans. What are some of the uncertain factors in the model that could go wrong and adversely affect Julia's analysis?
Given these uncertainties, and the results in (A) and (B) and (C) what do you recommend Julia do?
|
Two cultures with the dialectic approach
: How do people in "individualist' cultures behave differently to people in "collectivist" cultures? Explain the connections between these two cultures with the dialectic approach. Which of the six dialectics is the most predominant in assisting people..
|
|
Solve system of equations using substitution method
: Do the graph that represents the function: y = 2x - 4. Do the graph that represents the function: 5x - 3y = 15. Convert given equation of line to slope-intercept form y = mx + b and identify slope m
|
|
Fifo and lifo costs under perpetual inventory system
: Calculate the cost of each individual sale separately using LIFO procedures. The firm uses the perpetual inventory system, and there are 52 units of the item on hand at the end of the year. What is the total cost of the ending inventory according ..
|
|
The rate of unionization
: In 20 years, the rate of unionization will be: the same, increased or decreased. Please say why you believe this to be the case.
|
|
Julia food booth
: Julia may lease a warming oven for $600 for a six game football home-season game. the oven has 16 shelves, and each shelf is 3 feet by 4 feet. she plans to fill the oven with the food times (pizza, hot dogs and barbecue sandwiches) before the ga..
|
|
Explain how the concepts from locke goal
: Explain how the concepts from Locke's goal setting theory can be incorporated into Vroom's expectancy theory. Explain how the concepts in Adams' equity theory can be incorporated into expectancy theory. Respond substantively to two other learners.
|
|
Problem regarding the location decisions
: A manufacturer of oak barrels has factories in an area at the location coordinates provided in the following table. Each coordinate unit represents approximately 10 miles. The yearly demand at each factory is also given.
|
|
What is the project scope and what is scope creep
: What is the project scope? What is scope creep? Why does it pose such a risk to the project and project manager?
|
|
How should they treat their team leader
: When she is inevitably found out she returns the money, and her membership of the ACS is terminated, but she continues in her job. Several members of her team are also ACS members. How should they treat their team leader
|