Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Groovy Juice Mixers, Inc . Groovy Juice Mixers, Inc. mixes specialty drinks out of apple, guava, and papaya juices. Currently it has 1300, 900, and

Groovy Juice Mixers, Inc. Groovy Juice Mixers, Inc. mixes specialty drinks out of apple, guava, and papaya juices. Currently it has 1300, 900, and 800 gallons of each of these kinds of juices in inventory, respectively. Groovy currently has two products, Tropical Breeze and Guava Jive, which sell for $1.60 and $1.90 per gallon, respectively. Tropical Breeze is a mixture of all three ingredients that consists of 20% to 30% guava juice, and also 20% to 30% papaya juice. Guava Jive consists at least 40% and at most 50% guava. It does not have to contain papaya juice, but if it does, it may be at most 10% papaya. Assume inventory is a sunk cost, and that the costs of mixing are negligible. Therefore, Groovy's goal is to obtain the maximum possible revenue from the inventory on hand. To do this problem you will need 6 Decision Variables: TA = Number of Gallons of Apple Juice Used in Tropical Breeze TG = Number of Gallons of Guava Juice Used in Tropical Breeze TP = Number of Gallons of Papaya Juice Used in Tropical Breeze GA = Number of Gallons of Apple Juice Used in Guava Jive GG = Number of Gallons of Guava Juice Used in Guava Jive GP = Number of Gallons of Papaya Juice Used in Guava Jive Find each of the following: TA =

TG = 650 TP =

GA =

GG =

GP = 50 Total Revenue =

(Leave off $ sign and commas) Hint: Total Revenue is between 4890 and 5000

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

More Books

Students also viewed these Accounting questions

Question

=+ (c) Find a bounded negligible set that is not trifling.

Answered: 1 week ago

Question

socialist egalitarianism which resulted in wage levelling;

Answered: 1 week ago

Question

soyuznye (all-Union, controlling enterprises directly from Moscow);

Answered: 1 week ago