Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started