Ten and One

Submitted by: Submitted by

Views: 399

Words: 463

Pages: 2

Category: Business and Industry

Date Submitted: 03/12/2011 09:23 PM

Report This Essay

A.

1.

Decision Variables

X1 = # of Slices of Pizza

X2 = # of Hot Dogs

X3 = # of BBQ Sandwiches

2. Objective Function

X1 X2 X3

Selling Price 1.50 1.50 2.25

-Cost .75 .45 .90

Profit .75 1.05 1.35

The objective function in Julie’s Food Booth is to maximize total profit.

Z= 0.75X1 + $1.05X2 = $1.35X3

3. Contraints

a. Budget = .75X1 = .45X2 + .90X3 = X2 + X3

d. At least sell twice as many hotdogs as BBQ sandwiches ( X2 – 2X3 >= 0)

Model:

Maximize Total profit Z = $0.75X1 + 1.10X2 +1.25X3

Subject to:

0.75X1+0.50X2+1.00X3=0 (at least twice as many hot dogs as BBQ sandwiches

B. Evaluate the propect of borrowing Money before the first game.

Julie will need to borrow money due to the cost of the booth and oven. With the amount of money she currently has is not enough to purchase her food items.

C. Evaluate the prospect of paying a friend $100/game to assist.

Due to Julie expenses I don’t think she will be able to pay a friend $100 for each game to help.

D. Julie must consider the weather and even if the game is crowed I don’t see this being very profitable for Julie due the high cost of the booth. She will not profit enough to cover booth fees and food.

A.

1.

Decision Variables

X1 = # of Slices of Pizza

X2 = # of Hot Dogs

X3 = # of BBQ Sandwiches

2. Objective Function

X1 X2 X3

Selling Price 1.50 1.50 2.25

-Cost .75 .45 .90

Profit .75 1.05 1.35

The objective function in Julie’s Food Booth is to maximize total profit.

Z= 0.75X1 + $1.05X2 = $1.35X3

3. Contraints

a. Budget = .75X1 = .45X2 + .90X3 = X2 + X3

d. At least sell twice as many hotdogs as BBQ sandwiches ( X2 – 2X3 >= 0)

Model:

Maximize Total profit Z = $0.75X1 + 1.10X2 +1.25X3

Subject to:

0.75X1+0.50X2+1.00X3=0 (at least twice as many hot dogs as BBQ sandwiches

B. Evaluate the propect of borrowing Money before the first game.

Julie will need to borrow money due to the cost of the booth and oven. With the amount of money she currently has is not...

Related Essays

One Child Policy
According to Chinese Academy of Social Science (CASS), within ten years one in five young men aged 19 years and below would be unable to find a bride because of the
‘Science Never Solves a Problem Without Creating Ten More.’(George Bernard Shaw) Do You Agree?
are many examples which show that science never solves a problem without creating ten more. One example is H1N1. During the H1H1 outbreak, doctors tried finding the
Is It Possible To Move From One Social Class To Another In Society And Improve One's Social Standing?
basket in each hand and by the age of ten he had done so well that he needed to use ... increased his land holdings to three and one half acres, had bought his own
The Ten Minute Trainer
can you achieve with this book? The Ten-Minute Trainer helps you make the most of ... you the how to information rst. Part One contains 150 ways to use short segments