Answered: Planters Nut Company is planning to…

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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Question

Planters Nut Company is planning to launch a new 32-ounce can of mixed
nuts. The product will be a mix of Cashews, Almonds, Walnuts, Pecans,
Brazil Nuts, Macadamia Nuts, Peanuts and Pistachios. The specific mix of
these varieties will depend on several factors:
• The amount of fat per serving should not exceed 33.50 grams - each
serving size is 2 ounces.
• There must be at least 2 ounces and no more than 7 ounces of
each nut in the mix.
Given the following cost and fat per ounce for each variety, how many
ounces of each nut should be used in the new 32-ounce can to minimize the total cost of each can?

Nut Type	Cost Per oz. ($)	Fat Per oz. (g)
Cashews	$0.45	13
Almonds	$0.30	15
Walnuts	$0.35	18
Pecans	$0.15	20
Brazil Nuts	$0.30	19
Macademia Nuts	$0.55	22
Peanut	$0.15	14
Pistachios	$0.60	13