Question: 1. Solve the problem by the simplex method. The solution should be the same as in part 1. Verify your answer to part 2 by

1. Solve the problem by the simplex method. The solution should be the same as in part 1. Verify your answer to part 2 by looking at your final tableau.
2. What are the shadow prices for Brie and Stilton?
Jason's House of Cheese offers two cheese assortments for holiday gift giving. In his supply refrigerator, Jason has 3600 ounces of cheddar, 1498 ounces of Brie, and 2396 ounces of Stilton. The St. Nick assortment contains 10 ounces of cheddar, 5 ounces of Brie, and 6 ounces of Stilton. The Holly assortment contains 8 ounces of cheddar, 3 ounces of Brie, and 8 ounces of Stilton. Each St. Nick assortment sells for $16, and each Holly assortment sells for $14. How many of each assortment should be produced and sold in order to maximize Jason's revenue?

Step by Step Solution

★★★★★

3.50 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 x 218 y 136 2 The shadow price for ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1385-M-S-L-P(2271).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

Consider the nutrition problem in Example 1 of Section 3.3. Solve the problem by the simplex method, and then determine the optimal quantities of soybeans and rice in the diet, and the new cost, if...

Solve the following problem by the simplex method. What condition exists that prevents you from reaching an optimal solution? Maximize profit = 6X1 + 3X2 Subject to 2X1 2X2 2 X1 + X2 1 X1, X2 0

A pharmaceutical firm is about to begin production of three new drugs. An objective function designed to minimize ingredient costs and three production constraints are as follows: Maximize profit =...

Jasons House of Cheese offers two cheese assortments for holiday gift-giving. In his supply refrigerator, Jason has 3600 ounces of Cheddar, 1498 ounces of Brie, and 2396 ounces of Stilton. The St....

Jason's House of Cheese offers two cheese assortments for holiday gift-giving. In his supply refrigerator, Jason has 3600 ounces of Cheddar, 1498 ounces of Brie, and 2396 ounces of Stilton. The St....

IConsider the following linear program: max: = -311 + 612 Subject to En + Tr; E 35 11 + 21:1:2 5 2 11,1:2 E [I a] Solve this problem by the simplex method. Are there alternative optimal solutions?...

Use the above optimal solution tableau to answer the following questions: a) What are the shadow prices for the two constraints? b) Perform RHS ranging for constraint 1 c) If the right-hand side of...

Question 2 Consider a truck loading problem where there are two types of products. The mass, volume and profit of each unit of Product A and Product B are as follows: Product Type Mass/unit...

answer all questions 2,3&4 values a= 6 ,b=1 Consider the following problem. Maximize 2 = 2bx; + e-322, subject to (a - 2)x1+b2 0,12 0. Solve this problem by the simplex method in tabular form. 3....

10. Consider the linear program: Maximize z=3x1+6x2, subject to: 5x1+7x235x1+2x22x10,x20. Exercises 73 a) Solve this problem by the simplex method. Are there alternative optimal solutions? How can...

A monopoly of the patent is the reward of the inventor. Discuss in the light of Patent Act, 1970.

A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Determine the net income earned or net loss incurred by the business during the year for each of...

16. What are the alternative methods available for building up capacity in a system? Which method is the most suited for implementation?

(1) With property rights, the marginal cost curve that excludes the cost of pollution shows only part of the producers marginal cost. The marginal private cost curve includes (2) the cost of...

Chucks convenience store has only one gas pump. Cars pull up to the pump at a rate of one car every eight minutes. Depending on the speed at which the customer works, the pumping time varies. Chuck...

Get Connected, Inc., operates several Internet kiosks in Atlanta, Georgia. Customers can access the Web at these kiosks, paying $2 for 30 minutes or a fraction thereof. The kiosks are typically open...

A construction company owns six backhoes, which each break down, on average, once every 10 working days, according to a Poisson distribution. The mechanic assigned to keeping the backhoes running is...

a . Lands End recently implemented a strategy of filling nearly all orders when the order is placed. In what year do you believe the company implemented this strategy and how is the strategy...

When a parent company uses the equity method to account for investments, the controlling interest in consolidated net income includes all of the following except The parent's income from its own...

Ferro Co. has outstanding 10-year noncallable bonds with a face value of $1,000. These bonds have a current market price of $1,278.41, a coupon rate of 11%, and annual coupon payments. The company...