Show the standard form optimization model

Assignment Help Operation Management

Reference no: EM131042995

Guarionex Company sells bags of guavas and bottles of guava juice. The company grades the guava on a scale of 1 (poor) to 10 (excellent). Guarionex has on hand 80,000 lb. of grade 10 guavas and 130,000 lb. of grade 7 guavas. The average quality of guava sold in bags must be at least 8, and the average quality of the guavas used to produce guava juice must be at least 9. Each pound of guava that is used for juice yields a revenue of $2.00 and incurs a variable cost of $1.25. Each pound of guava sold in bags yields a revenue of $0.75 and incurs a variable cost of $0.25. Formulate (show the standard form optimization model) and solve a model that helps Guarionex optimize profit. Explain the output of your model.

Reference no: EM131042995

Questions Cloud

The future value of the swiss franc : a. Assume that Bangor Co. (a U.S. firm) knows that it will have cash inflows of $900,000 from domestic operations, cash inflows of 200,000 Swiss francs due to exports to Swiss operations, and cash outflows of 500,000 Swiss francs at the end ..

Murphy might take to improve cash flow from operations : Karl Murphy is preparing for a meeting with his banker. His business is finishing its fourth year of operations. In the first year, it had negative cash flows from operations. In the second and third years, cash flows from operations were positive. D..

Aspect of the problem - comminsure : This arm of the Commonwealth Bank has been in the media recently after the dubious method it has used to assess applications for payouts.

Stocking out during replenishment lead? time : Mertle Mouse sells Swiss cheese gift sets at the airport. She buys the gift sets from a supplier in Wisconsin. The average and standard deviation of demand during replenishment lead time are 45 and 15? units, respectively. What would be the reorder p..

Show the standard form optimization model : Guarionex Company sells bags of guavas and bottles of guava juice. The company grades the guava on a scale of 1 (poor) to 10 (excellent). Guarionex has on hand 80,000 lb. of grade 10 guavas and 130,000 lb. of grade 7 guavas. Each pound of guava sold ..

Major accomplishments of the company : Please briefly describe the history and current major accomplishments of the company. You may want to use the annual report of UPS.

Bureaucratic costs-transaction costs-complexity-politics : All of the following can impede management's designs to create synergies except: bureaucratic costs, transaction costs, Complexity, Politics, or organizational culture. Which one is the correct answer please?

What might abhinav be thinking about rebecca : Did Abhinav agree to the initial timeline requested by Rebecca? What might Rebecca be thinking about Abhinav? What might Abhinav be thinking about Rebecca? How will this incident affect their future interactions?

What limits and opportunities are involved with each choice : What are the possible sources of government revenue and what limits and opportunities are involved with each choice?

User Account

All Pages