a) Determine the amount of potatoes and green beans Maria should purchase each week for the casserole to minimize the ingredient costs while meeting nutritional, taste, and demand requirements. Before she makes her final decision, Maria plans to explore the following questions independently except where otherwise indicated. (b) Maria is not very concerned about the taste of the casserole; she is only concerned about meeting nutritional requirements and cutting costs. She therefore forces Edson to change the recipe to allow for only at least a one to two ratio in the weight of potatoes to green beans. Given the new recipe, determine the amount of potatoes and green beans Maria should purchase each week. (c) Maria decides to lower the iron requirement to 65 mg since she determines that the other ingredients, such as the onions and cream of mushroom soup, also provide iron. Determine the amount of potatoes and green beans Maria should purchase each week given this new iron requirement.
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
(a) Determine the amount of potatoes and green beans Maria should purchase each week for the casserole to
minimize the ingredient costs while meeting nutritional, taste, and demand requirements. Before she makes
her final decision, Maria plans to explore the following questions independently except where otherwise
indicated.
(b) Maria is not very concerned about the taste of the casserole; she is only concerned about meeting
nutritional requirements and cutting costs. She therefore forces Edson to change the recipe to allow for only at
least a one to two ratio in the weight of potatoes to green beans. Given the new recipe, determine the amount
of potatoes and green beans Maria should purchase each week.
(c) Maria decides to lower the iron requirement to 65 mg since she determines that the other ingredients, such
as the onions and cream of mushroom soup, also provide iron. Determine the amount of potatoes and green
beans Maria should purchase each week given this new iron requirement.
(d) Maria learns that the wholesaler has a surplus of green beans and is therefore selling the green beans for a
lower price of $0.50 per lb. Using the same iron requirement from part (c) and the new price of green beans,
determine the amount of potatoes and green beans Maria should purchase each week.
(e) Maria decides that she wants to purchase lima beans instead of green beans since lima beans are less
expensive and provide a greater amount of protein and iron than green beans. Maria again wields her absolute
power and forces Edson to change the recipe to include lima beans instead of green beans. Maria knows she
can purchase lima beans for $0.60 per lb from the wholesaler. She also knows that lima beans contain 22.68 g
of protein per 10 ounces of lima beans, 6.804 mg of iron per 10 ounces of lima beans, and no vitamin C. Using
the new cost and nutritional content of lima beans, determine the amount of potatoes and lima beans Maria
should purchase each week to minimize the ingredient costs while meeting nutritional, taste, and demand
requirements. The nutritional requirements include the reduced iron requirement from part (c).
(f) Will Edson be happy with the solution in part (e)? Why or why not?
(g) An All-State student task force meets during Body Awareness Week and determines that All-State
University’s nutritional requirements for iron are too lax and that those for vitamin C are too stringent. The task
force urges the university to adopt a policy that requires each serving of an entrée to contain at least 120 mg of
iron and at least 500 mg of vitamin C. Using potatoes and lima beans as the ingredients for the dish and using
the new nutritional requirements, determine the amount of potatoes and lima beans Maria should purchase
each week.
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