Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

This must all be done in Excel. (Very Important) I have also put a link of an example problem for the first part. This how I would like it formatted. Please take a look at it for reference.

http://documents.saintleo.edu/docs/AVP/MBA550/MBA550_ch9.mp4

The manager of a Burger Doodle franchise wants to determine how many sausage biscuits and ham biscuits to prepare each morning for breakfast. The two types of biscuits require the following resources.

Biscuit Labor (hr.) Sausage (lb) Ham (lb) Flour (lb)

Sausage 0.010 0.10 ------- 0.04

Ham 0.024 ------- 0.15 0.04

The franchise has 6 hours of labor available each morning. The Manager has a contract with a local grocer for 30 pounds of sausage and 30 pounds of ham each morning. The manager also purchases 16 pounds of flour. The profit for a sausage biscuit is $0.60; the profit for a ham biscuit is $0.50. The manager wants to know the number of each type of biscuit to prepare each morning in order to maximize profit.

Part 1) Formulate a linear programming model for this problem.

Use (solver) in excel for the (answers, sensitivity and limits reports) as well.

Solve the linear programming model developed in the above problem for the Burger Doodle restaurant by using the computer.

a) Identify and explain the shadow prices for each of the resource constraints.

b) Which of the resource constraints profit the most and why?

c) Identify the sensitivity ranges for the profit of a sausage biscuit and the amount of sausage available. Explain the sensitivity ranges.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91639919
  • Price:- $30

Priced at Now at $30, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

In a sample of 20 cups of coffee at the local coffee shop

In a sample of 20 cups of coffee at the local coffee shop, the average temperature was 162.5 degrees with a standard deviation of 14.1 degrees. What would be the 95% confidence interval for the temperature of your cup of ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. What percentage of the value of the company's existing equity prior to ...

Assume that from a random sample of 18 trees a researcher

Assume that from a random sample of 18 trees a researcher found that the average height of the trees was 4.3 meters with a standard deviation of 0.25 meters. Assume that the distribution of the heights of these trees is ...

A student must answer 6 multiple choice questions for a

A student must answer 6 multiple choice questions for a test, but the student did not study well. There are 6 answers per question, but only one is correct. If the student randomly guesses on each questions, what is the ...

The beta corp has decided to enter the next generation in

The BETA Corp. has decided to enter the next generation in customer service. In order to do so they need to purchase a new piece of equipment. The equipment is highly specialized and needs to be created to exact specific ...

Jen and barry perform a survey of consumers about home meal

Jen and Barry perform a survey of consumers about home meal salad preferences ("fresh" or "fast"). 395 consumers said they prefer to make fresh salad. 426 said they prefer to make salad fast (out of a bag). 331 said they ...

According to the current results website the state of

According to the Current Results website, the state of California has a mean annual rainfall of 21 inches, whereas the state of New York has a mean annual rainfall of 55 inches. Assume that the standard deviation for bot ...

What statistic was calculated to determine differences

What statistic was calculated to determine differences between the intervention and control groups for the lumbar and femur neck BMDs? Were the groups significantly different for BMDs?

According to a survey of 25000 households 55 of the people

According to a survey of 25,000 ?households, 55 % of the people watching a special event on TV enjoyed the commercials more than the event itself. Complete parts a through e below based on a random sample of nine people ...

You want to you want to estimate the mean weight of

You want to you want to estimate the mean weight of quarters in circulation. A sample of 30 quarters has a mean weight of 5.649 grams in a standard deviation of 0.066 gram. Use a single value to estimate the mean weight ...

  • 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