Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 4-05 (Algorithmic) FOLLOW THE FORMAT. THANK YOU! Kilgore's Deli is a small delicatessen located near a major university. Kilgore does a large walk-in carry-out

Problem 4-05 (Algorithmic) FOLLOW THE FORMAT. THANK YOU!

Kilgore's Deli is a small delicatessen located near a major university. Kilgore does a large walk-in carry-out lunch business. The deli offers two luncheon chili specials, Wimpy and Dial 911. At the beginning of the day, Kilgore needs to decide how much of each special to make (he always sells out of whatever he makes). The profit on one serving of Wimpy is $0.35, on one serving of Dial 911, $0.59. Each serving of Wimpy requires 0.45 pound of beef, 0.45 cup of onions, and 5 ounces of Kilgore's special sauce. Each serving of Dial 911 requires 0.45 pound of beef, 0.72 cup of onions, 1 ounces of Kilgore's special sauce, and 4 ounces of hot sauce. Today, Kilgore has 27 pounds of beef, 36 cups of onions, 82 ounces of Kilgore's special sauce, and 52 ounces of hot sauce on hand.

image text in transcribed

image text in transcribed

a. Develop an LP model that will tell Kilgore how many servings of Wimpy and Dial 911 to make in order to maximize his profit today. Let W = # of servings of Wimpy to make D = # of servings of Dial 911 to make Max W D s.t. w D + + W D (Beef) (Onions) (Special Sauce) (Hot Sauce) W D D W, D 0 b. Find an optimal solution. Truncate your answers to whole servings available for sale. Solution: W = What is the optimal profit? Round your answer to the nearest cent. Profit = $ c. What is the dual value for special sauce? Round your answer to the nearest cent. Dual value for special sauce = $ d. Increase the amount of special sauce available by 1 ounce. Give the new solution. Round the answer for profit to the nearest cent. Solution: W = D = Profit = $ Does the solution confirm the answer to part (c)

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

Cross Selling Financial Services Professionals Guide To Account Development

Authors: Clifton Warren

1st Edition

1631578472,1631578480

More Books

Students also viewed these Finance questions