The International Chef, Inc., markets three blends of oriental tea: premium, Duke Grey, and breakfast. The firm uses tea leaves from India, China, and new domestic California sources. Net profit per pound for each blend is $0.50 for premium, $0.25 for Duke Grey, and $0.40 for breakfast. The firm's regular weekly supplies are 21,000 pounds of Indian tea leaves, 23,000 pounds of Chinese tea leaves, and 17.000 pounds of Califomia tea leaves. Develop and solve a linear optimization model to determine the optimal mix to maximize profit. m Click here to view the tea blends data. Complete the table below to indicate the number of pounds of each type of tea leaf to produce to optimize the profit, and then give the total profit eamed. (Round to the nearest whole number as needed.) Premium Duke Grey Breakfast Pounds to Produce 32500 Total Profit= $
The International Chef, Inc., markets three blends of oriental tea: premium, Duke Grey, and breakfast. The firm uses tea leaves from India, China, and new domestic California sources. Net profit per pound for each blend is $0.50 for premium, $0.25 for Duke Grey, and $0.40 for breakfast. The firm's regular weekly supplies are 21,000 pounds of Indian tea leaves, 23,000 pounds of Chinese tea leaves, and 17.000 pounds of Califomia tea leaves. Develop and solve a linear optimization model to determine the optimal mix to maximize profit. m Click here to view the tea blends data. Complete the table below to indicate the number of pounds of each type of tea leaf to produce to optimize the profit, and then give the total profit eamed. (Round to the nearest whole number as needed.) Premium Duke Grey Breakfast Pounds to Produce 32500 Total Profit= $
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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