Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using the information below develop a linear program to determine the best course of action for Draper Agricultural Enterprises. Using the results of the linear

Using the information below develop a linear program to determine the best course of action for Draper Agricultural Enterprises. 

Using the results of the linear program prepare an Executive Summary of 1-2 pages outlining the best plan of action and justifying your decision. 

Submit the following as separate attachments: 

An Excel file with your LP output 

Executive Summary 

Draper Agricultural Enterprises operates 3 ranches in the West. The acreage and irrigation water available for the three ranches are shown below: 


                          irrigation water

Farm  Acreage  Water Available (Acre Feet) 14001,500 26002,000 3300900 

  1.      400.   1500

  2       600.     2000

  3.     300.      900

Three crops can be grown; however, the maximum acreage which can be grown of each crop is limited by the amount of appropriate harvesting equipment available. The three crops are describe below: 

                                                    Crops Harvest

Crop   Total Harvesting  Capacity (In Acres)   Water Requirements (In Acre-Feet/Acre)  Expected Profit (In $/Acre) 

Rye                     700                                                                  6                                                   400                                    

Con                     800                                                                 4                                                    300 

Barley                 300                                                                  2                                                   100 

Any combination of crops can be grown on a farm. 


Your Executive Summary should lay out the most profitable production plan. It should also discuss how robust your plan is to commodity price changes or production input prices such as fuel costs, which would impact profitability. Also, it should identify scarce resources and the impact of acquiring additional water, land and harvesting capacity. 

Note: Your Executive Summary should not be a how-to guide on developing a linear program. Rather it is a business report used for management decision making. As such, it should focus on what the business should do to operationalize the production plan and what aspects of the plan need to be closely monitored. Your Executive Summary should concisely make recommendations to start, then follow up with using the LP output to justify and support your plan.

Step by Step Solution

3.50 Rating (163 Votes )

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

Supply Chain Network Design Applying Optimization and Analytics to the Global Supply Chain

Authors: Michael Watson, Sara Lewis, Peter Cacioppi, Jay Jayaraman

1st edition

133017370, 978-0133017373

More Books

Students also viewed these Databases questions