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Category > Architecture and Design Posted 29 May 2017 My Price 8.00

Holiday Fruit Company buys oranges and processes them into gift fruit baskets and fresh juice

Holiday Fruit Company buys oranges and processes them into gift fruit baskets and fresh juice. The company grades the fruit it buys on a scale from 1 (lowest quality) to 5 (highest quality). The following table summarizes Holiday’s current inventory of fruit.

 

Each pound of oranges devoted to fruit baskets results in a marginal profit of $2.50, whereas each pound devoted to fresh juice results in a marginal profit of $1.75. Holiday wants the fruit in its baskets to have an average quality grade of at least 3.75 and its fresh juice to have an average quality grade of at least 2.50.

a. Formulate an optimization model for this problem.

b. Implement your model in a spreadsheet, and solve it.

c. What is the optimal solution?

 

Answers

Alpha Geek
(8)
Status NEW Posted 29 May 2017 06:05 AM My Price 8.00

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Attachments

file 1496039927-Answer.docx preview (204 words )
H-----------oli-----------day----------- Fr-----------uit----------- Co-----------mpa-----------ny -----------buy-----------s o-----------ran-----------ges----------- an-----------d p-----------roc-----------ess-----------es -----------the-----------m i-----------nto----------- gi-----------ft -----------fru-----------it -----------bas-----------ket-----------s a-----------nd -----------fre-----------sh -----------jui-----------ce.----------- Th-----------e c-----------omp-----------any----------- gr-----------ade-----------s t-----------he -----------fru-----------it -----------it -----------buy-----------s o-----------n a----------- sc-----------ale----------- fr-----------om -----------1 (-----------low-----------est----------- qu-----------ali-----------ty)----------- to----------- 5 -----------(hi-----------ghe-----------st -----------qua-----------lit-----------y).----------- Th-----------e f-----------oll-----------owi-----------ng -----------tab-----------le -----------sum-----------mar-----------ize-----------s H-----------oli-----------day-----------’-----------s c-----------urr-----------ent----------- in-----------ven-----------tor-----------y o-----------f f-----------rui-----------t. ----------- -----------Eac-----------h p-----------oun-----------d o-----------f o-----------ran-----------ges----------- de-----------vot-----------ed -----------to -----------fru-----------it -----------bas-----------ket-----------s r-----------esu-----------lts----------- in----------- a -----------mar-----------gin-----------al -----------pro-----------fit----------- of----------- $2-----------.50-----------, w-----------her-----------eas----------- ea-----------ch -----------pou-----------nd -----------dev-----------ote-----------d t-----------o f-----------res-----------h j-----------uic-----------e r-----------esu-----------lts----------- in----------- a -----------mar-----------gin-----------al -----------pro-----------fit----------- of----------- $1-----------.75-----------.
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