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The Golden Gate Cranberry Company purchases cranberries from local growers and makes cranberry sauce and cranberry juice. It costs $0.70 to produce a can of cranberry sauce and $0.95 to produce a bottle of cranberry juice. In order to present a representative marketing mix to its customers the company has made it a policy that at least thirty percent, but not more than sixty percent, of the items it produces be cranberry sauce.
The company wants to produce up to, but no more than, the demand for each product. The company marketing manager estimates that the demand for cranberry sauce is a maximum of 5,000 cans plus an additional 3 cans for each $1 spent on advertising. The maximum demand for cranberry juice is estimated to be 4,000 bottles plus an additional 5 bottles for every $1 spent to promote cranberry juice. The company has $16,000 to spend on producing and advertising cranberry sauce and cranberry juice. Cranberry sauce sells for $1.45 per can while cranberry juice sells for $1.75 per bottle.
The company wants to know how many units of each cranberry product to produce and how much to spend on advertising for each product in order to maximize profit. Formulate a linear programming model for this problem. Make sure you clearly define decision variables. Do not attempt to solve this problem.
A friend recently had some concrete poured as part of an outdoor patio area. After several months of use the concrete surface is very powdery, prone to crumbling and not wearing well. You offer to inspect the work and give your opinion.
1) Determine the autocorrelation function RXX(T) for the continuous-time random process X(t) that has the power spectrum (show all steps for your derivation)
A hollow sphere of inner radius 8.0 cm and outer radius 9.0 cm floats half-submerged in a liquid of density 800 kg/m3. (a) What is the mass of the sphere?
the purpose of this paper is to develop a new linear programming for an aggregate production planning of flat panel
For each correlation coefficient below, calculate what proportion of variance is shared by the two correlated variables:
How many times will each person shake hands with someone else? How many handshakes will occur? How must your method vary according to whether or not n is even or odd?
A researcher hypothesizes that the variation in the amount of money spent on business dinners is greater than the variation of the amount of money spent on lunches. The variance of nine business dinners was $6.12 and the variance of 12 business lu..
This STEEPLE and Balance sheet needs to be completed based on the company has been having with ship reliability and passenger safety. Because of recent problems resulting in bad publicity for the company , the Team has been asked to provide proces..
Business analytics can provide a significant benefit to organizations. If the organization utilizes business analytics and analyzes the data correctly, they will be able to make informed decisions that will benefit the organization in many ways.
Use exponential smoothing to determine the forecast of shipments for the year 1999. Use the actual shipments for 1990 as the starting forecast for 1991. Use a smoothing constant of ? = 0.4.
Use Matlab to generate uniform, exponential, Rayleigh, and gamma RVs for different values of the parameters a and b. Plot the probability density function (pdf) curves for each RV and compare with the analytical pdfs.
a. Formulate an ILP model for this problem. b. Create a spreadsheet model for this problem and solve it. c. What is the optimal solution?
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