NEED HELP WITH THE EXCEL: DECISION VARIBLES OBJECTIVE FUNCTION CONTRAINSTS
NEED HELP WITH THE EXCEL: DECISION VARIBLES OBJECTIVE FUNCTION CONTRAINSTS
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...
Related questions
Question
NEED HELP WITH THE EXCEL:
DECISION VARIBLES
OBJECTIVE FUNCTION
CONTRAINSTS

Transcribed Image Text:Data
Ingredient
Product
Product
Almond
Brazil nut Filbert
Ресan
Walnut
Profit
Demand (Ib)
$1.65
$1.90
$2.35
Regular mix
15%
25%
25%
10%
25%
10,000
Deluxe mix
20%
20%
20%
20%
20%
5,000
Holiday mix
25%
15%
15%
25%
20%
3,000
Ingredient
Availability (Ib)
6,000
7,500
7,500
6,000
7,500
Cost
$7,800
$7,350
$7,150
$7,200
$7,450
Decision variables
Production quantity in Ibs
Regular mix Deluxe mix
Holiday mix
Objective function
Maximize profits
Constraints
Availability of ingredients
Consumption
Availability
Almond
<=
6,000
Brazil nut
<=
7,500
Filbert
<=
7,500
Ресan
6,000
<=
Walnut
<=
7,500
Demand to satisfy
Produced
Demand
Regular mix
10,000
>=
Deluxe mix
>=
5,000
Holiday mix
3,000
>=
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 4 images

Recommended textbooks for you

Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,

Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education

Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,

Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education


Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning

Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.