Chapter 4, Problem 50P

a)

Summary Introduction

To determine: The way Company S can maximize its profit.

Linear programming:

It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.

b)

Summary Introduction

To use: A solver table to identify how the changes in the cost per bag of oranges change the optimal solution.

Linear programming:

It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.

c)

Summary Introduction

To use: A solver table to identify how the changes in the amount of grade 6 oranges available change the optimal solution.

Linear programming:

It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.

d)

Summary Introduction

To use: A solver table to identify how the changes in the required average quality required for juice and the average quality required for bags changes the optimal solution.

Linear programming:

It is a mathematical modeling procedure where a linear function is maximized or minimized subject to certain constraints. This method is widely useful in making a quantitative analysis which is essential for making important business decisions.