Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Computer Science Posted 27 Jul 2017 My Price 7.00

Holiday Fruit Company


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

Maurice Tutor
(5)
Status NEW Posted 27 Jul 2017 09:07 AM My Price 7.00

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