Reference no: EM13110181
Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was located. There were no other French restaurants in Draperton, and the possibility of doing something new and somewhat risky intrigued the two friends. They purchased an old Victorian home just off Main Street for their new restaurant, which they named %u201CThe Possibility.%u201D
Angela and Zooey knew in advanced that at least initially they could not offer a full, varied menu of dishes. They had no idea what their local customer%u2019s tastes in French cuisine would be, so they decided to serve only two full-course meals each night, one with beef and the other with fish. Their chef, Pierre, was confident he could make each dish so exciting and unique that two meals would be sufficient, at least until they could assess which items were most popular. Pierre indicated that with each meal he could experiment with different appetizers, soups, salads, vegetable dishes, and desserts until they were able to identify a full selection of menu items.
The next problem for Angela and Zooey was to determine how many meals to prepare for each night so they could shop for ingredients and set up the work schedule. They could not afford too much waste. They estimated that they would sell a maximum of 60 meals each night. Each fish dinner, including all accompaniments, requires 15 minutes to prepare, and each beef dinner takes twice as long. There is a total of 20 hours of kitchen staff labor available each day. Angela and Zooey believe that because of the health consciousness of their potential clientele they will sell at least three fish dinners for every two beef dinners. However, they also believe that at least 10% of their customers will order beef dinners. The profit from each beef dinner will be approximately $16, and the profit from a fish dinner will be about $12.
Formulate a linear programming model for Angela and Zooey that will help them estimate the number of meals they should prepare each night and solve this model graphically.
If Angela and Zooey increased the menu price on the fish dinner so that the profit for both dinners was the same, what effect would that have on their solution?
Suppose Angela and Zooey reconsidered the demand for beef dinners and decided that at least 20% of their customers would purchase beef dinners. What effect would this have on their meal preparation plan?
|
How hr determine supply and demand
: Suppose you run HR at a large organization. How will you determine supply and demand? How will employee turnover factor into your decisions?
|
|
What is required to use blunt ended fragments
: Some restriction enzymes produce fragments that have single stranded ‘sticky ends', while other enzymes do not leave single stranded ends.
|
|
Computing power of test
: A researcher is evaluating the influence of a treatment using a sample selected from a normally distributed population with a mean of u = 80 and a standard deviation of o= 20. The researcher expects a 12 point treatment effect and plans to use a t..
|
|
Describe how decision influence the power of the test
: Engineers hoped to base their decision on re- actions of 50 drivers, but time and budget constraints may force them to cut back to 20. How would this influence the power of the test? Describe.
|
|
The possibility restaurant
: Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was loca..
|
|
Power of a hypothesis test
: Explain how the power of a hypothesis test is influenced by each of the following. Assume that all other factors are held constant.
|
|
Discuss how laws tie into business ethics
: Discuss how laws tie into business ethics. Support your ideas with research and specific examples of laws discussed in your text.
|
|
What is the equilibrium level of income
: What is the equilibrium level of income and derive the savings function and find the level of savings in this economy
|
|
Hypothesis testing using p value format
: Can we conclude that more than 60% of retired people in the age group would return to work? I need to do a Hypothesis Testing using only P value format (Explain in everyday words but also have the formal steps show with results) on this problem.
|