Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Turkey Ranch blends two different types of turkey feed, brand A and B . Each feed type contains, in varying proportions, some or all

A Turkey Ranch blends two different types of turkey feed, brand A and B. Each feed type contains, in varying proportions, some or all of the three nutritional ingredients essential for fattening turkeys. Brand A feed costs the ranch $0.10 per pound. Brand B costs $0.15 per pound.
The rancher needs to determine the lowest-cost diet that meets the minimum monthly intake requirement for each nutritional component, in other words, he needs to establish the mix of pounds of each brand type to feed to the turkeys monthly. Turkeys need to get at least 45 units of proteins per month, 24 units of vitamins, and 1.5 units of iron.
The two brands of feed contain respectively: in terms of proteins 5 units per pound (brand A) and 10 units (brand B); vitamins 4 units per pound (A) and 3 units per pound (B); brand A contains 0.5 units of iron, but brand B has none. In any case, turkeys should not be fed more the 12 pounds of feed in total.
1. Based on the optimal solution you found, how many pounds of brand A?
brand B?
2. What is the value of the objective function corresponding to your solution?
3. Looking at the shape of the feasible region, how many corners are there?
4. Using the sensitivity report you generate in excel, compute the allowable range for each of the objective function coefficients.
5. What is the shadow price of the protein requirement?
6. By looking at the sensitivity analysis what is the maximum iron requirement that would not change the optimal solution? [iron]
7. Evaluate the problem if the vitamin constraints increase to 30 units. Be mindful that depending on whether or not this is a binding constraint, the implications impact the optimal solution and the value of the objective function.
The new solution is [blank] pounds of brand A and [blank] pounds of brand B. This has increased the optimal cost by [blank] $ to a new total of [blank] $.

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_2

Step: 3

blur-text-image_3

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

Neurosuccess Your Brain Retraining Guide To Wealth And Accomplishment

Authors: Edward Hughes

1st Edition

1456641883, 978-1456641887

More Books

Students also viewed these General Management questions