Tuckered Outfitters plans to market a custom brand of packaged trail mix. The ingredients for the trail mix will include Raisins, Grain, Chocolate Chips, Peanuts and Almonds costing, respectively, $2.50, $1.50, $2.00, $3.50 and $3.00 per pound. The vitamin, mineral, and protein content of each of the ingredients (in grams per pound) is summarized in the following table along with the calories per pound of ingredient: Vitamins Minerals Protein Calories Raisins Grain 20 7 4 450 10 4 2 160 Chocolate Chips 10 5 1 500 Peanuts 30 9 10 300 Almonds 20 3 1 500 The company would like to identify the least costly mix of these ingredients that provides at least 40 grams of vitamins, 15 grams of minerals, 10 grams of protein, and 600 calories per 2-pound package. Additionally, they want each ingredient to account for at least 5% and no more than 50% of the weight of the package. 1. Formulate the LP model for this problem. 2. Create the spreadsheet model and use Solver to solve the problem. 3. What is the optimal mix, and how much is the total ingredient cost per package?
Tuckered Outfitters plans to market a custom brand of packaged trail mix. The ingredients for the trail mix will include Raisins, Grain, Chocolate Chips, Peanuts and Almonds costing, respectively, $2.50, $1.50, $2.00, $3.50 and $3.00 per pound. The vitamin, mineral, and protein content of each of the ingredients (in grams per pound) is summarized in the following table along with the calories per pound of ingredient: Vitamins Minerals Protein Calories Raisins Grain 20 7 4 450 10 4 2 160 Chocolate Chips 10 5 1 500 Peanuts 30 9 10 300 Almonds 20 3 1 500 The company would like to identify the least costly mix of these ingredients that provides at least 40 grams of vitamins, 15 grams of minerals, 10 grams of protein, and 600 calories per 2-pound package. Additionally, they want each ingredient to account for at least 5% and no more than 50% of the weight of the package. 1. Formulate the LP model for this problem. 2. Create the spreadsheet model and use Solver to solve the problem. 3. What is the optimal mix, and how much is the total ingredient cost per package?
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
Please do not give image format
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 3 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.