a) Formulate a linear programming model that would determine the optimal solution. An explanation for the derivation of EACH equation should be provided. b) Set up and solve the linear programming model using EXCEL. (Both the excel set up and answer report are required)
Question 1
The Rotary Club is holding a pizza sale to finance outreach projects. The Club made an agreement to purchase pizza from Pizza Hut at a 30% discount which the Rotary Club can then resell for a profit. It is expected that of the 500 families in the community, at most 70% will buy pizza. Based on a survey of their personal preferences, the students believe that they should order
no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. They also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. The standard price (before discount) for the cheese, pepperoni and vegetarian is $12, $15 and $14, respectively. The Rotary Club makes a profit of 10%, 15% and 20%, respectively, for each cheese, pepperoni, and vegetarian pizza they resell.
a) Formulate a linear programming model that would determine the optimal solution. An explanation for the derivation of EACH equation should be provided.
b) Set up and solve the linear programming model using EXCEL. (Both the excel set up and answer report are required)
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