PLEASE FOLLOW THE INSTRUCTIONS AND DO THIS TYPEWRITTEN ONLY. I WILL UPVOTE FOR YOUR GREATEST EFFORT. KINDLY SKIP THIS IF YOU HAVE ALREADY ANSWERED. THANK YOU SO MUCH GENERATE THE DECISION VARIABLE SOLUTION ANDGENERATE A SENSITIVITY REPORTCASE 1. Julia's Food BoothJulia Robertson is a senior at Tech, and she's investigating different ways to finance her final year atschool. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sellsout every home game, and Julia knows, from attending the games herself, that everyone eats a lot of food.She has to pay $1,000 per game for a booth, and the booths are not very large. Vendors can sell either foodor drinks on Tech property, but not both. Only the Tech athletic department concession stands can sell bothinside the stadium. She thinks slices of cheese pizza, hot dogs, and barbecue sandwiches are the mostpopular food items among fans and so these are the items she would sell.Most food items are sold during the hour before the game starts and during half time; thus it willnot be possible for Julia to prepare the food while she is selling it. She must prepare the food ahead of timeand then store it in a warming oven. For $600 she can lease a warming oven for the six-game home season.The oven has 16 shelves, and each shelf is 3 feet by 4 feet. She plans to fill the oven with the three fooditems before the game and then again before half time.Julia has negotiated with a local pizza delivery company to deliver 14-inch cheese pizzas twice eachgame 2 hours before the game and right after the opening kickoff. Each pizza will cost her $6 and willinclude 8 slices. She estimates it will cost her $0.45 for each hot dog and $0.90 for each barbecue sandwichif she makes the barbecue herself the night before. She measured a hot dog and found it takes up about 16square inches of space, whereas a barbecue sandwich takes up about 25 square inches. She plans to sell aslice of pizza and a hot dog for $1.50 apiece and a barbecue sandwich for $2.25. She has $1,500 in cashavailable to purchase and prepare the food items for the first home game; for the remaining five games shewill purchase her ingredients with money she has made from the previous game.Julia has talked to some students and vendors who have sold food at previous football games atTech as well as at other universities. From this she has discovered that she can expect to sell at least asmany slices of pizza as hot dogs and barbecue sandwiches combined. She also anticipates that she willprobably sell at least twice as many hot dogs as bar-becue sandwiches. She believes that she will selleverything she can stock and develop a customer base for the season if she follows these general guidelinesfor demand.If Julia clears at least $1,000 in profit for each game after paying all her expenses, she believes it willbe worth leasing the booth.

A technique called linear programming can be used to find the best feasible solution to a problem.…

Answered: If Julia clears at least $1,000 in…

If Julia clears at least $1,000 in profit for each game after paying all her expenses, she believes it will worth leasing the booth.

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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