Reference no: EM131312790
Felix Navidad, an independent artist, paints large sculptured seasonal-themed figurines for sale during the holiday season. This year he will focus on painting and selling Santa Claus and Reindeer figurines. Each Santa sold will generate a net profit contribution of $18 and each Reindeer will provide a contribution of $22.50. Each Santa requires 2 hours of painting and each reindeer 2.5 hours. Felix will have 180 hours to devote to painting this season. Felix will purchase the unpainted figurines and has decided, based on past experience, to spend no more than $250 and $360 respectively to purchase the unpainted Santas and reindeers. Each unpainted reindeer costs $6 and each unpainted Santa $5. Felix has an empty storage barn on his property that has sufficient space to store as many figurines as he may need to purchase.
1) Given the information covered in the course so far, determine the type of problem represented above. What assumptions did you make in coming to this determination?
2) Provide the mathematical formulation of the problem.
3) Indicate, based on what we have covered in this course, the various methods that can be used to solve this type of problem?
4) If you think that the graphical method is an appropriate method for solving this problem, use it to solve the problem.
5) What is the optimal solution to the problem (the values of the decision variables) and the objective function value at the optimal solution?
6) Describe the special features, if any, of the solution.
7) Felix has asked you for advice on implementing this solution. What advice would you give him?
8) You have some concerns about the way that Felix has determined how much he is willing to invest in purchasing Santas ($250) and reindeers ($360). Suppose his wife has just contributed an additional $390 towards the purchase of the unpainted figurines, suggest at least one modification to the investment constraints in the model that you developed in part 2 that might provide a higher profit for Felix?
9) Determine whether the modification you suggested in part 8 results in higher profits.
|
Evaluate a c++ source file
: The isValidSource() function can be used to evaluate a C++ source file, but it is incomplete. Brackets encountered inside comments and literal strings would not be paired with those found elsewhere in the program.
|
|
Examine homeland security issue relate to emergency response
: Current Events: Current Event assignments are designed to give you an opportunity to critically examine contemporary Homeland Security issues related to Emergency Response, Disaster Mitigation, Prevention, and Preparedness.
|
|
What nominal annual rate of interest compounded semiannually
: What nominal annual rate of interest compounded semi-annually is earned by quarterly deposits of $7327.00 made for six years if the balance just after the last deposit is $289,000.00?
|
|
Current value of stock according to dividend growth model
: A decrease in which of the following will increase the current value of a stock according to the dividend growth model?
|
|
Paints large sculptured seasonal-themed figurines for sale
: Felix Navidad, an independent artist, paints large sculptured seasonal-themed figurines for sale during the holiday season. This year he will focus on painting and selling Santa Claus and Reindeer figurines. Given the information covered in the cours..
|
|
Incident response procedures for handling
: Defines incident response procedures for handling an intrusion on a host or host family (e.g., Windows or Linux). Explains why your incident response procedures alone are not sufficient to respond to an incident. Explains why an incident response pro..
|
|
What is the main mission of the bolts in any joint
: Name the two types of bolted joints and tell why they're called that? What is the main mission of the bolts in any joint?
|
|
Write an essay on the doctrine of stare decisis
: The doctrine of stare decisis,The importance of the previous influences on the U.S legal system,Four primary sources of law in the United States.
|
|
Determine the worst case time-complexity for each operation
: Determine the worst case time-complexity for each operation defined in the TicketCounterSimulation class.
|