Determine the optimal solution and the maximum value

Assignment Help Business Management
Reference no: EM132840413

The linear programming model for this problem: Maximize Z = $4.15X1 + $3.6X2

Gillian's Restaurant has an ice-cream counter where it sells two main products, ice cream and frozen yogurt, each in a variety of flavors. The restaurant makes one order for ice cream and yogurt each week, and the store has enough freezer space for 115 gallons of both products. A gallon of frozen yogurt costs $0.75 and a gallon of ice cream costs $0.93, and the restaurant budgets $90 each week for these products. The manager estimates that each week the restaurant sells at least twice as much ice cream as frozen yogurt. Profit per gallon of ice cream is $4.15 and profit per gallon of yogurt is $3.60.

Subject to

(1) X1 + X2 <= 115

(2) 0.93X1 + 0.75X2 <= 90

(3) X1 - 2X2 >= 0

X1, X2 >= 0

a. Graph the constraint lines and mark them clearly with the numbers (1), (2) and (3) to indicate which line corresponds to which constraint. Darken the feasible region.

b. Determine the optimal solution(s) and the Maximum value of the objective function. (Show your calculation). Include "managerial statements" that communicate the results of the analyses (i.e. describe verbally the results).

c. How much additional profit would the restaurant realize each week if it increased its freezer capacity to accommodate 20 extra gallons of ice cream and yogurt? Justify.

Reference no: EM132840413

Questions Cloud

Improve the corporate governance of ticktack bhd : TickTack Bhd, an Information and Communication Technology company, decided to enhance its two areas of great concern; (i) disclosure on corporate social respons
Prepare journal entries for both Blue and Larkspur : Larkspur assesses a finance charge of 4% of the amount of accounts receivable. Prepare journal entries for both Blue and Larkspur
Explain the importance of matching the reader : Explain the importance of matching the reader's characteristics and motivation to purpose of reading and type of text that elicits comprehension and engagement.
Why is audience analysis so important in the selection : Why is audience analysis so important in the selection of the direct or indirect strategy of organization for a business message?
Determine the optimal solution and the maximum value : Gillian's Restaurant has an ice-cream counter where it sells two main products, ice cream and frozen yogurt, each in a variety of flavors.
Determining a volume of a liquid : Give an example when a beaker might be a good choice for determining a volume of a liquid - What would be a limitation when using the lab thermometer
Discuss different type of visual used in technical : Discuss different type of visual used in technical manuscripts while reporting your data for making it more readable. Also discuss when to use each type of visu
List three types of intention torts : List three types of intention torts? What is the unintentional torts that is most crucial to health care? What are the characteristics that must be present for
Determine the probability of selecting someone : The table to the right shows the number of? people, in? thousands, in a country without health insurance in a certain year. Complete parts? a) through? d) below

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd