Question: Buffets Army The Willy Buffett Foundation ( WBF ) each summer hires local high school and college students with local ties to staff its many

Buffets Army The Willy Buffett Foundation (WBF) each summer hires local high school
and college students with local ties to staff its many camp and outreach activities around the
upper Midwest. For the upcoming summer, based on cost and demand for student worker help,
it can target to hire up to 600 high school (HS) students and college students (CO) combined.
The Foundation will NOT target to hire more than 600, but could target to hire less depending
upon other factors (described below).
Because the Foundation has been doing this for a number of summers, they have developed a
metric that measures the attractiveness of the HS and CO hires. This metric combines
productivity and cost. Higher levels of this measure (call it a Buffetmeter) is better than lower
levels. For this summer, assume that the Buffetmeter for a HS student is 300, while the
Buffetmeter for a CO student is 700.
Due to local arrangements with the area high schools, the WBF has agreed that no more than
40% of the total students hired this summer can be college students (COs). Additionally,
history has also shown that some students who agree to come invariably never show up. This
drop-out rate tends to be 5% for the HS students and 10% for the CO students. WBF wishes to
target students such that the total expected number of drop-outs is no greater than 35.
The WBF wishes to find the optimal number of high school students (HS) and college students
(CO) to target to hire such that the overall Buffetmeter measure is maximized, and that the hiring
constraints of the situation described above are met.
Note that you are deciding on how many students of the two types to TARGET to hire. Drop out
information constrains the decisions of the models, but dont make the problem more complex
than it is.
Part II: Mechanics. Given the following LP models (represented abstractly with decision
variables X and Y), find the optimal solution using the graphing approach.
Your solution MUST show the following:
A) Graph
a. Plotting all 3 constraints
b. Shading in the feasible region of the entire LP model
c. Identification of the relevant extreme points
B) Relevant Extreme Points
d. Calculate the (X,Y) values of each relevant Extreme Point
e. Show the algebraic calculations of how the (X,Y) values of the Extreme Points
were calculated (eyeballing a picture is not sufficient).
C) Optimal Solution
f. Evaluate each Extreme Point by the objective function
g. Identify which extreme point is the best.

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