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Linear programming/Sensitivity analysis Doing all the questions may not be possible but please explain from question B onwards Thank you Problem 10 (10pts) Three sellers
Linear programming/Sensitivity analysis
Doing all the questions may not be possible but please explain from question B onwards
Thank you
Problem 10 (10pts) Three sellers offer three foods, which contain three different nutrients. We are given Table 2 with the nutritional content of a unit of each food, the minimum requirement of each nutrient, and the selling price for a unit of each food. Table 2: Food Design a diet so as to satisfy the minimum requirement of nutrients and minimize the total price to purchase the foods in the diet. (a). Formulate the diet problem as a linear programming model. (b). Solve the LP by Excel and obtain the sensitivity analysis report. (c). The seller of fried rice would like to increase his revenue by increasing the price of fried rice quoted to us. Is it possible for him to do so? If it is possible, how much more revenue can he obtain? If not, what should the seller do to increase his revenue? (d). How about the seller of burger? Can he increase his revenue by increasing the price of burger? Why ? If no, what should the seller do to increase his revenue? (e). Can we save any money if the minimum requirement of protein is decreased to 18 ? If yes, what is the amount of the savings? (f). Does our optimal cost increase or decrease if the minimum requirement of fat is decreased to 5 ? (g). If one hot dog provides 2 units of carbohydrates, 3 units of fat and 3 units of protein, and it is sold at a price of 3.2. Do we want to include it in the diet? (h). If the amount of protein contained in burger is increased to 5.5, but its fat is decreased to 2. Do we want to have it in the diet? What are the optimal value and optimal solutionsStep by Step Solution
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