Question
A chocolate maker has contracted to operate a small candy counter in a fashionable store. To start with, the selection of offerings will be intentionally
A chocolate maker has contracted to operate a small candy counter in a fashionable store. To start with, the selection of offerings will be intentionally limited. The counter will offer a regular mix of candy made up of equal parts of cashews, raisins, caramels, and chocolates, and a deluxe mix that is one-half cashews and one-half chocolates, which will be sold in one-pound boxes. In addition, the candy counter will offer individual one-pound boxes of cashews, raisins, caramels, and chocolates. A major attraction of the candy counter is that all candies are made fresh at the counter. However, storage space for supplies and ingredients is limited. Bins are available that can hold the amounts shown in the table: Ingredient Capacity (pounds per day) Cashews 120 Raisins 200 Caramels 100 Chocolates 160 Click here for the Excel Data File In order to present a good image and to encourage purchases, the counter will make at least 20 boxes of each type of product each day. Any leftover boxes at the end of the day will be removed and given to a nearby nursing home for goodwill. The profit per box for the various items has been determined as follows: Item Profit per box Regular $.80 Deluxe .90 Cashews .70 Raisins .60 Caramels .50 Chocolates .75
a. Formulate the LP model. (Round your answers to 2 decimal places.) x1 boxes of regular mix x2 "mix" deluxe x3 "mix" cashews x4 "mix" raisins x5 "mix" caramels x6 "mix" chocolates
The LP model:0.80x1+0.90x2+____x3+____x4+0.50x5+____x6
b. Solve for the optimal values of the decision variables and the maximum profit.
decision variables / Optimal values
x1
x2
x3
x4
x5
x6
Maximum
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