Reference no: EM13926308
A chocolate maker has contracted to operate a small candy counter in a fashionable store. To start with, the selection of offerings will be intentionally limited. The counter will offer a regular mix of candy made up of equal parts of cashews, raisins, caramels, and chocolates, and a deluxe mix that is one-half cashews and one-half chocolates, which will be sold in one-pound boxes. In addi- tion, the candy counter will offer individual one-pound boxes of cashews, raisins, caramels, and chocolates.
A major attraction of the candy counter is that all candies are made fresh at the counter. How- ever, storage space for supplies and ingredients is limited. Bins are available that can hold the amounts shown in the table:
Ingredient Capacity (pounds per day)
Cashews 120
Raisins 200
Caramels 100
Chocolates 160
In order to present a good image and to encourage purchases, the counter will make at least 20 boxes of each type of product each day. Any leftover boxes at the end of the day will be removed and given to a nearby nursing home for goodwill.
The profit per box for the various items has been determined as follows:
Item
|
Profit per Box
|
Regular
|
$.80
|
Deluxe
|
.90
|
Cashews
|
.70
|
Raisins
|
.60
|
Caramels
|
.50
|
Chocolates
|
.75
|
a. Formulate the LP model.
b. Solve for the optimal values of the decision variables and the maximum profit.
The impact of workplace bullying
: Since the financial crisis left the American public in a daze of business uncertainty, any unethical behavior has been immediately exploited and prosecuted fully. Fortune 500 companies have to prove their trustworthiness to the public instead of ..
|
Best example of a new-to-the-world product
: 1. Some firms might delay the launch of their products until after the competitor has borne the cost of educating the market. Such an entry is called ________ entry. 2. Which of the following is the best example of a new-to-the-world product?
|
What is most significant about these models
: Thomas Jefferson proposed a republic view for education, and Horace Mann suggested the common school movement. These are two of the many foundational models used in American education. What is most significant about these models? Do these models ..
|
Auerbach enterprises manufactures air conditioners
: Auerbach Enterprises manufactures air conditioners for automobiles and trucks manufactured throughout North America. The company has two main products MaxiFlow and Alaska. MaxiFlow uses a few complex fabricated parts that have been found easy to a..
|
Solve for the optimal values of the decision variables
: A chocolate maker has contracted to operate a small candy counter in a fashionable store. Formulate the LP model. Solve for the optimal values of the decision variables and the maximum profit.
|
Comparison of the forecasting techniques
: Compare the mean absolute error, root mean square error, and the mean absolute percent of error for all four of these forecasting techniques - what do these statistics tell you about the forecasts? Which one is the best forecast and why?
|
Write a function with header
: Write a function with header [M]= myMax(A) where M is the maximum (largest) value in A. Do not use the built-in MATLAB function max
|
Chester & wayne a regional food distribution
: Chester & Wayne is a regional food distribution company. Mr. Chester, CEO, has asked for my assistance in preparing cash-flow information for the last three months oft his year. Selected accounts for an interim balance sheet dated September 30, ha..
|
Explain in detail resource allocation
: Any required organizational change management strategies that would enhance successful implementation
|