linear programming., Operation Research

Assignment Help:
The demand of ice cream during the three summer months (June, July, and August) at All-Flavors Parlor is estimated at 500,600, and 400 20-gallon cartons, respectively. Two wholesalers, 1 and 2, supply All-Flavors with its ice cream. Although the flavors from the two suppliers are different, they are interchangeable. The maximum number of cartons either supplier can provide is 400 per month. Also, the price the two suppliers charge change from one month to the next according to the following schedule:

Q2_table.PNG

To take advantage of price fluctuation, All-Flavors can purchase more than is needed for a month and store the surplus to satisfy the demand in a later month. The cost of refrigerating an ice-cream carton is $5 per month. It is realistic in the present situation to assume that the refrigeration cost is a function of the average number of cartons on hand during the month. Develop a model to determine the optimum schedule for buying ice cream from the two suppliers. Solve the LP using Excel solver and attach your answer report.

Related Discussions:- linear programming.

Optimal assignment, Six Operators are to be assigned to five jobs with the ...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Method of concurrent deviations, Method of Concurrent Deviations The  ...

Method of Concurrent Deviations The  coefficient  of concurrent  deviation or coefficient  of correlation  b the concurrent deviation  methods  is given  by the formula. R

OPERATION RESEARCH, A paper mill produces two grades of paper viz., X and Y...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Linear programming, #questiA paper mill produces two grades of paper viz X ...

#questiA paper mill produces two grades of paper viz X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pa

Simplex method of LP, MAX: 150 X1 + 250 X2 Subject to: 2 X1 + 5 X2 = 200 - ...

MAX: 150 X1 + 250 X2 Subject to: 2 X1 + 5 X2 = 200 - resource 1 3 X1 + 7 X2 = 175 - resource 2 X1, X2 = 0 2. How many units of resource 1 are cons

LINEAR PROGRAMMING, b. A paper mill produces two grades of paper viz., X an...

b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape

formulate the optimality equations, Each day you own 0 or 1 stocks of cert...

Each day you own 0 or 1 stocks of certain commodity. The price of the stock is a stochastic process that can be modeled as a Markov chain with transition rates as follows

Linear Programming Problem, A paper mill produces two grades of paper viz.,...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Write Your Message!

Captcha
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