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.Tea Leaves (composition in %)Blend-Premium-Duke Grey-BreakfastIndian40%30%40%Chinese California20% 40%50%20%40%20%Net profit per pound for each blend is $0.50 for premium, $0.30 for Duke Grey, and $0.35 for breakfast(objective function).The firm's regular weekly supplies are 19,000 pounds of Indian tea leaves, 22,000 pounds of Chinese tealeaves, and 16,000 pounds of California tea leaves (constraints).Develop and solve a linear optimization model to determine the optimal mix to maximize profit.

Decision variables Let P, D and B for Premium, Duke Grey and Breakfast Objective function…

Answered: The International Chef, Inc., markets…

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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Consider a three-firm supply chain consisting of a retailer, manufacturer, and supplier. The retailer's demand over an 8-week period was 90 units each of the first 2 weeks, 220 units each of the second 2 weeks, 280 units each of the third 2 weeks, and 400 units each of the fourth 2 weeks. The following table presents the orders placed by each firm in the supply chain. Notice, as is often the case in supply chains due to economies of scale, that total units are the same in each case, but firms further up the supply chain (away from the retailer) place larger, less frequent, orders. Week Retailer Manufacturer Supplier1 90 180 6202 90 0 03 220 440 04 220 0 05 280 560 1,3606 280 0 07 400 800 08 400 0 0 a) What is the bullwhip measure for the retailer? The bullwhip measure for the retailer is ??? (Enter your response rounded to two decimal places.) b) What is the bullwhip measure for the…
The Office Place is a new retail venture that is located in Omaha, NE that sells office supplies to retail“face-to-face” customers, online customers as well as to other businesses (primarily in bulk). Theirstrategy and mission is to sell their products at a deeply discounted price, while providing the bestcustomer service experience possible. This strategy is primarily based on industry research showing thatthere is a growing dissatisfaction with the level of customer service from retailers.This start-up will eventually employ approximately 100 people at various levels and positions and all willbe located in the Omaha, NE facility. The Omaha, NE job market tends to have lower unemploymentrates and more job stability than in other areas of the country. 1. Conducting comparative research on benefit packages (as well as any other supplementary data, such asindustry standards). The deliverable is to identify your comparisongroup(s), the justification as to why you chose the comparison…
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Lenka's Fresh Snacks (LFS), the producer of the Lenka Bar, is a granola bar manufacturer based in Yoe, Pennsylvania. LFS produces a number of granola bars for its 450 retail partners across the eastern seaboard, manufacturing them in its 4,000-square-foot facility. According to Steve Rasovsky, CEO, the best-selling flavors for Lenka Bar are peanut butter, and nuts and berries. 8 As LFS continues to expand, it has decided to add a new flavor to its product line: chia seeds and almonds. These ingredients have different order quantities and storage requirements than other ingredients already used in manufacturing. As it considers how to move forward, LFS must consider a number of issues regardingwarehousing and storage. What are some of the key priorities that it must consider?
Informatics Corporation summarizes international information reports (on a weekly basis), prints sophisticated data and forecasts, which are purchased weekly by mutual funds, banks and insurance companies. This information is very expensive and the demand for the reports is limited to a maximum of 30 units. The possible demands are 0, 10, 20 and 30 reports per week. The profit per report sold is Rs. 30 and the loss per report unsold is Rs. 20. No production of extra reports during a week is possible. Further, there is a penalty cost of Rs. 25 per unit for not meeting the demand. Unsold reports cannot be carried on to the next week. Construct a pay-off table, & find out the number of reports to be produced if: Maximin or pessimistic strategy is used Maximax or optimistic strategy is used Laplace strategy is used Minimax Regret Strategy is used
LPM Corp. produces and sells two types of frozen burgers, Turkey Burgers and Veggie Burgers. In the most recent month, the firm sold 12,000 Turkey Burgers and 8,000 Veggie Burgers. Turkey Burgers sold for $14.00 per box and variable costs were $7.40 per box. The Veggie Burgers sold for $16.00 per box and variable costs were $8.25 per box. The fixed expenses of the entire company were $41,160. If the sales mix were to shift toward the Turkey Burgers product line with total sales volume remaining constant at 20,000, the overall break-even point for the entire company:
Greenwood Maps le/193342/discussions/topics/171826/View M Inbox (2,132) - langfordk X Haribo has manufactured gummy bears, since 1920. Those bears are currently made in 16 plants around the world. Starting in 2020, those gummy bears will also be made in the US when Haribo opens a new plant in Wisconsin. Worldwide, about 100 million gummy bears are made by Haribo per day. The ingredients in gummy bears are sugar, glucose syrup, starch, flavoring, food coloring, citric acid, and gelatin. MAR 2023 Intersession - GX Gummy bears are made in a special machine called a starch mogul. A flat gummy bear mold tray is filled with powered starch. (The flat tray is why gummy bears are flat on the backside.) A hot, liquid gummy bear mixture is poured into the tray. The tray is cooled overnight and then the gummy bears are removed and the process starts over with the now emptied tray with more of the gummy bear mixture. Gummy bears are package by machine into a variety of package sizes. The Haribo…
Explain the steps involved in developing a six-month merchandise budget..

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