Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For excel solver please show screenshot of excel and formulas used Coffee Bucks manufactures a coffee product by blending three types of coffee beans. The

For excel solver please show screenshot of excel and formulas used

image text in transcribed

image text in transcribed

Coffee Bucks manufactures a coffee product by blending three types of coffee beans. The cost per pound the available pounds of each bean are as follows: Consumer tests with coffee products were used to provide ratings on a scale of 0100, with higher ratings indicating higher quality. product quality standards for the blended coffee require a consumer rating for aroma to be at least 72 and a consumer rating for the taste to be at least 79 . The individual ratings of the aroma and taste for coffee made from 100% of each bean are as follows: Assume that the aroma and taste attributes of the coffee blend will be a weighted average of the attributes of the beans used in the blend. Based on CoffeeBucks' past experience, 5% of each type of coffee bean gets bad, and CoffeeBucks cannot use bad coffee beans to make the blended coffee product. Exactly 1270 pounds of the blended coffee product is required. a) Formulate a linear programming model that will meet the quality standards while minimizing cost. b) Solve the problem by using Excel Solver (Hand-in the value and formulas printouts for the problem). Show the optimal solution and optimal value in your printouts. Coffee Bucks manufactures a coffee product by blending three types of coffee beans. The cost per pound the available pounds of each bean are as follows: Consumer tests with coffee products were used to provide ratings on a scale of 0100, with higher ratings indicating higher quality. product quality standards for the blended coffee require a consumer rating for aroma to be at least 72 and a consumer rating for the taste to be at least 79 . The individual ratings of the aroma and taste for coffee made from 100% of each bean are as follows: Assume that the aroma and taste attributes of the coffee blend will be a weighted average of the attributes of the beans used in the blend. Based on CoffeeBucks' past experience, 5% of each type of coffee bean gets bad, and CoffeeBucks cannot use bad coffee beans to make the blended coffee product. Exactly 1270 pounds of the blended coffee product is required. a) Formulate a linear programming model that will meet the quality standards while minimizing cost. b) Solve the problem by using Excel Solver (Hand-in the value and formulas printouts for the problem). Show the optimal solution and optimal value in your printouts

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

Auditing A Practical Manual For Auditors

Authors: Lawrence Robert Dicksee

1st Edition

1360462546, 978-1360462547

More Books

Students also viewed these Accounting questions

Question

How would you describe Mark Zuckerberg as a team leader?

Answered: 1 week ago