Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Sweet Co. produces two types of candies; Energy candy and Happy candy. Ingredients for both candies are sugar, nuts and chocolate. Currently, the company

image text in transcribed

3. Sweet Co. produces two types of candies; Energy candy and Happy candy. Ingredients for both candies are sugar, nuts and chocolate. Currently, the company has 100kg of sugar, 20kg of nuts and 30kg of chocolate in stock. The mixture of Energy candy contains at least 20% nuts. The mixture of Happy candy contains at least 10% nuts and 15% chocolate. Assume that one kg of each ingredient contributes one kg to the final candy product. Each kg of Energy candy can be sold at $25 and each kg of happy candy can be sold at $20. State your decision variables and formulate an linear programming (LP) to maximize the revenue. To solve this problem, I made such a formulation: Let E : the kgs of energy candy produced. H: the kgs of happy candy produced. Let ES;EN;EC be the Sugar, Nut, Chocolate used in Energy candy, similarly define HS;HN;HC as the Sugar, Nut, Chocolate used in Happy candy Then the LP of the problem is Max20E+25HSubjecttoE=ES+EN+ECH=HS+HN+HCES+HS100EN+HN20EC+HC30EEN0.20HHN0.10HHC0.15E+H150 However, as I am not an expert on LP programming, I am not very confident with my formulation. Please let me know if my formulation above is a correct and complete LP representation of the problem, i.e., state incorrect, unnecessary, and missing parts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Principals Guide To School Budgeting

Authors: Richard D. Sorenson, Lloyd M. Goldsmith

3rd Edition

1506389457, 978-1506389455

More Books

Students also viewed these Finance questions

Question

What are the features of Management?

Answered: 1 week ago

Question

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

6. How do histories influence the process of identity formation?

Answered: 1 week ago