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Get assignment solution or answer for "#1 When Marie McCoy  woke up Saturday morning, she remembered that she promised the PTA she would make some cakes..."

Quantitative Methods in Business Problems & Solutions (Finance & Investments Course Help)

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Archive Solution #3

#1 When Marie McCoy  woke up Saturday morning, she remembered that she promised the PTA she would make some cakes and/or homemade bread for its bake sale that afternoon.  However, she does not have time to go to the store to get ingredients, and she has only a short time to bake things in her oven.  Because cakes and breads required different baking temperatures, she cannot  bake them simultaneously, and she has only 3 hours available to bake.  A cake requires 3 cups of flour, and a loaf of bread requires 8 cups; Marie has 20 cups of flour.  A cake requires 45 minutes to bake, and a loaf of bread requires 30 minutes.  The PTA will sell a cake for $10 and a loaf of bread for $6.  Marie wants to decide how many cakes and loaves of bread she should make.Formulate a linear programming model  for this problem just like was presented in class.Solve this model by using Solver.   Set up Solver just like was presented in class.

#2The Munchies Cereal Company makes a ceareal from several ingredients.  Two of the ingredients, oats and rice, provide vitamins A and B.  The company wants to know how many ounces of oats and rice it should  include in each box of cereal to meet the minimum requirements of 48 milligrams of vitamin A and 12 milligrams of vitamin B while minimizing cost.  An ounce of oats contributes 8 milligrams of vitamin A and 1 milligram of vitamin B, whereas  an ounce of rice contributes 6 milligrams of A and 2 milligrams of B.  An ounce of oats costs $0.05 and an ounce or rice costs $0.03.Formulate a linear programming model  for this problem just like was presented in class.Solve this model by using Solver.  Set up Solver just like was presented in class.

#3The Pinewood Furniture Company produces chairs and tables from two resources--labor and wood.  The company has 80 hours of labor and 35 board-ft. of wood available each day.  Demand for chairs is limited to 6 per day.  Each chair requires 8 hours of labor and 2 board-ft of wood where as a table requires 10 hours of labor and 6 board-ft. of wood.  The profit derived from each chair is $400 and from each table, $100.  The company wants to determine the number of charis and tables to produce each day in order to maximize profit.Formulate a linear programming model  for this problem just like was presented in class.Solve this model by using Solver.  Set up Solver just like was presented in class.

 

 

Release Date: April 15, 2020

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