Problem 2. A shop assistant of a flower shop has 2 hours before openingthe shop. During this time he makes wreaths and bouquets. The flower shophas 4 metal frame and 18 roses. Everything else is unlimited. The followingtable (the technological matrix) shows how much each product needs fromeach resource:metal frame.rosetime (min)wreath bouquet10315215stocks418120The profit of a wreath is 400, the profit of a bouquet is 300. How much toprepare the shop assistant from these products to maximize profit?Formulate the optimization model of the problem. Solve the problem gra-phically.

For this Q, I would formulate the LP optimization model, then, I would solve this problem…

Answered: The profit of a wreath is 400, the…

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...

See similar textbooks

Similar questions

please solve within 30 minutes....
Formulate the situation in matrix form. Be sure to indicate the meaning of your rows and columns. Find the requested quantities using the appropriate matrix arithmetic. A car dealer sells sedans, station wagons, vans, and pickup trucks at sales lots in Oakdale and Roanoke. The "dealer markup" is the difference between the sticker price and the dealer invoice price. The dealer invoice prices at both locations are the same: $15,000 per sedan, $19,000 per wagon, $24,000 per van, and $26,000 per pickup. The sticker prices at the Oakdale lot are $18,900 per sedan, $23,900 per wagon, $28,900 per van, and $28,900 per pickup, while at the Roanoke lot the sticker prices are $17,900 per sedan, $22,900 per wagon, $26,900 per van, and $30,900 per pickup. Represent these prices as a dealer invoice matrix D and a sticker price matrix S. Use these matrices to find the dealer markup matrix M for these vehicles at these sales lots. (Let row 1 represent the dealer in Oakdale and row 2 represent the…
The manager of a small firm is considering whether to produce a new product that would require leasing some special equipment at a cost of$20,000 per month. In addition to this leasing cost, a production cost of$10 would be incurred for the first 1000 units (including the 1000th unit). After that, a production cost of$15 would be incurred for the rest. Each unit sold generates$20 in revenue. Determine how many units should be produced each month to make it profitable to produce this product.
Please solve very soon completely work
Demand is forecasted using the following regression equation: D = 100 + 15(t) where “t” is a specified future time period. The current time period is 0 (t=0). The machines used to make this product have a capacity of 50 units/time period. The company currently has 4 machines yielding a total capacity of 200 units/time period. Due to technology changes, the current equipment will become obsolete at the end of period 15. If a new machine costs $2000, and the net revenue earned per unit is $10, how many machines should be added between today (t=0) and the end of period 15?
Two firms, A and B, each currently dump 168 tons of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution dumped into the river. The government gives each firm 90 pollution permits. The abatement costs of one ton of pulltion is $122 for Firm A and $147 for Firm B. What would be the total cost of reducing pollution, if the government does NOT allow the firm to trade the permits between each other?
help please
A chef must decide how many chocolate lava cakes to prepare for the upcoming Mother's Day Dinner special. The chef can either prepare 50, 100, or 150 lava cakes. Assume that demand for the lava cakes can be 50, 100, or 150. Each dish costs $5 to make and is priced at for $7 on the menu. Unsold cakes are donated to a nearby charity center. Assume that there is no opportunity cost for lost sales. Which alternative should be chosen based on the maximax criterion?
A student who is majoring in accounting has two jobs offers: one from PwC for $80,000 and one for E&Y for $76,000. She just found out that she has also received an offer from her dream company, Deloitte for $72,000. She also heard from friends that another student last year may have received an offer averaging around $90,000. She wants to take the Deloitte offer, but her OB professor tells her that she needs to negotiate with them for a better salary. In this negotiation, what is her BATNA? O a O b. $76,000 $72,000 $90,000 $18,000 (the difference between $90,000 and $72,000) OC O d. Oe. $80,000
How can we execute the Solver and interpret results from the reports provided by the program
1. Write a linear program for the problem. 2. What is the optimal production mix among different coffee varieties and the profit associated with it? 3. What should be the per bag profit of Tarrazu which will make it beneficial to produce this variety? 4. One Cup is considering increasing the weekly bags to 150. If it costs One Cup $3.00 per bag to procure beans of any variety. Conduct sensitivity analysis and determine if One Cup should consider increasing the per week production. 5. Identify the range over which per bag profit of Sumatra and Kona may vary and still retain the current production plan as optimal for One Cup. 6. Once roasted the coffee beans must be preserved properly. To ensure that, One Cup Coffee is considering investing in a vacuum packaging machine for 24 hours/ week. It takes 10, 15 and 10 minutes to pack a bag of Sumatra, Kona and Tarazzu respectively. Identify if the current production plan will suit the installation of the new packaging scheme.

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

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

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

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

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.

SEE MORE TEXTBOOKS

The profit of a wreath is 400, the profit of a bouquet is 300. How much to prepare the shop assistant from these products to maximize profit? Formulate the optimization model of the problem. Solve the problem gra- phically.