9.1-3.* Tom would like 3 pints of home brew today and an addi- tional 4 pints of home brew tomorrow. Dick is willing to sell a maximum of 5 pints total at a price of $3.00 per pint today and $2.70 per pint tomorrow. Harry is willing to sell a maximum of 4 pints total at a price of $2.90 per pint today and $2.80 per pint tomorrow. Tom wishes to know what his purchases should be to mini- mize his cost while satisfying his thirst requirements. (a) Use Excel Solver to obtain an optimal solution directly (without dummy source/destination). (b) Use Excel Solver to obtain an optimal solution (with dummy source/destination).
9.1-3.* Tom would like 3 pints of home brew today and an addi- tional 4 pints of home brew tomorrow. Dick is willing to sell a maximum of 5 pints total at a price of $3.00 per pint today and $2.70 per pint tomorrow. Harry is willing to sell a maximum of 4 pints total at a price of $2.90 per pint today and $2.80 per pint tomorrow. Tom wishes to know what his purchases should be to mini- mize his cost while satisfying his thirst requirements. (a) Use Excel Solver to obtain an optimal solution directly (without dummy source/destination). (b) Use Excel Solver to obtain an optimal solution (with dummy source/destination).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:### Problem 9.1-3*
Tom would like to purchase 3 pints of home brew today and an additional 4 pints tomorrow. Dick is willing to sell up to 5 pints in total at a price of $3.00 per pint today and $2.70 per pint tomorrow. Harry is willing to sell a maximum of 4 pints at $2.90 per pint today and $2.80 per pint tomorrow. Tom wants to determine the optimal purchasing strategy to minimize his costs while meeting his hydration needs.
### Tasks
(a) Use Excel Solver to obtain an optimal purchasing solution without using a dummy source/destination.
(b) Use Excel Solver to obtain an optimal purchasing solution with a dummy source/destination included.
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