Linear Programing - formulating LP model - Maximizing Profit
Not what you're looking for?
A restaurant has an ice cream counter where it sells two main products, ice cream and frozen yogurt. The restaurant makes one order for ice cream and yogurt each week, and the store has enough space for 115 gallons of both products. A gallon of frozen yogurt costs $0.75 and a gallon of ice cream costs $0.93, and the restaurant budgets $90 each week for these products. The manager estimates that each week the restaurant sells at least twice as much ice cream as frozen yogurt. Profit per gallon of ice cream is $4.15 and profit per gallon of yogurt is $3.60.
I need to formulate a linear programing model for this problem and solve this model using graphical analysis.
Purchase this Solution
Solution Summary
A step by step detailed solution is given in the attached solution file in such a way that the student could understand the procedure easily and use this solution to solve other similar problems on his/her own.
In this solution we have formulated the objective function, and the constraints using the given information in the question.
Then we have solved the problem using graphical method to find the maximum profit under the given constraints.
For complete description and detailed solution, please see the attached solution file.
Solution Preview
Following are just a few steps, where as complete detailed solution with graph is given in the attached ...
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.