Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Funkytown brewery brews two types of beers: Draught and River. Draught sells for $ 2 0 per barrel and River sells for $ 1 2

Funkytown brewery brews two types of beers: Draught and River. Draught sells for $20 per barrel and River sells for $12 per barrel. The products are sold as full barrels. Producing a barrel of Draught takes 8 pounds of corn and 4 pounds of hops. Producing a barrel of River requires 2 pounds of corn, 5 pounds of rice, and 4 pounds of hops. The brewery has 500 pounds corn, 300 pounds of rice, and 400 pounds of hops. Funkytown wants to know the optimal mix of products that maximizes revenues. You are hired by Funkytown to develop a linear programming model.4a)(10 points) What are the decision variables? How many decision variables are there? b)(5 points) What is the objective function? Explain clearly and write the mathematicalexpression(s). c)(15 points) What are the constraints? Explain clearly and write the mathematicalexpression(s). d)(3 points) What are the sign and type restrictions? Explain clearly and write themathematical expression(s).

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

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions