Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Problem

A distributor imports olive oil from Spain and Italy in large casks. He then mixes these oils in different proportions to create three grades of olive oil that are sold domestically in the United States. The domestic grades include (a) commercial, which must be no more than 35% Italian; (b) virgin, which may be any mix of the two olive oils; and (c) extra virgin, which must be at least 55% Spanish. The cost to the distributor for Spanish olive oil is $6.50 per gallon. Italian olive oil costs him $5.75 per gallon. The weekly demand for the three types of olive oils is 700 gallons of commercial, 2,200 gallons of virgin, and 1,400 gallons of extra virgin. How should he blend the two olive oils to meet his demand most economically?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92764877

Have any Question?


Related Questions in Operation Management

1 if you were the ceo of toys r us - explain what caused

1. If you were the CEO of Toys R Us: - Explain what caused Toys R Us to fail. - What would your strategy and approach be to turn the Company around? Explain. - What would you have done to change the Company’s fate, so th ...

Please choose the most appropriate answer1- what are static

Please choose the most appropriate answer: 1- What are static attributes of public health infrastructures? a. Building blocks b. Capabilities c. Capacities d. Diagnosis 2- In Information Management, Surveillance like: a. ...

Radovilsky manufacturing company in hayward california

Radovilsky Manufacturing Company, in Hayward. California. makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders for about 11,500 flashing lights per year and has th ...

1 why are the standards the property of the franchisor and

1. Why are the "Standards" the property of the Franchisor and not the Franchisee? 2. How can related diversification create a competitive advantage for the organization? 3. Describe how "globalization" connects with some ...

1 the society for human resource management now utilizes

1. The society for Human Resource Management now utilizes the terms “diversity and inclusiveness” together. Why do you think that is the case? What could you do to accomplish both simultaneously? Explain. 2. What are two ...

Discussion ratio analysisratio analysisplease respond to

Discussion "Ratio Analysis" Ratio Analysis Please respond to the following discussion topic. Your initial post should be a minimum of 150 words in length. Then, make at least two thoughtful responses to your fellow stude ...

Questions on pbs frontline video ldquothe warningrdquo you

Questions on PBS Frontline Video: “The Warning”. You can Google PBS Frontline Video: “The Warning”) What was the ethical culture of the derivatives market prior to 2008? Were there any standards of conduct, rules of oper ...

1 give reasons why a company would expand through

1. Give reasons why a company would expand through franchising rather then through the setting up of its own branches. 2. Name five occasions in the absence of an employment relationship when an agent's authority may be ...

Madoff investments securities llc 1 introduction amp

Madoff investments securities , LLC 1. Introduction & history of the company 2. Statements of facts ( what was the ethical dilemma , who were the stakeholders affected ? etc. 3. Important people involved /implicated in t ...

Question how do rewards increase motivationwhat would

Question : How do rewards increase motivation? What would happen if an organization gave too few rewards? What would happen if it gave too many?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As