Question: CH 2 - Complete Problem #2 using the following cost change information based on learning new information mentioned below. Text page 62 (12th Edition) Text

CH 2 - Complete Problem #2 using the following
CH 2 - Complete Problem #2 using the following
CH 2 - Complete Problem #2 using the following
CH 2 - Complete Problem #2 using the following cost change information based on learning new information mentioned below. Text page 62 (12th Edition) Text page 64 (13th Edition) "Your resource supplier just contacted you initiating a cost increase per ounce on both Oats and Rice at the same time... Ounce of Oats now costs $0.08 Ounce of Rice now costs $0.07 2. The Munchies Cereal Company makes a ce- real from several ingredients. Two of the in- gredients, oats and rice, provide vitamins A and B. The company wants to know how many ounces of oats and rice it should in- clude in each box of cereal to meet the mini- mum requirements of 48 milligrams of vitamin A and 12 milligrams of vitamin B while mini- mizing cost. An ounce of oats contributes 8 milligrams of vitamin A and 1 milligram of vit- amin B, whereas an ounce of rice contributes 6 milligrams of A and 2 milligrams of B. An ounce of oats costs $0.05, and an ounce of rice costs $0.03. a. Formulate a linear programming model for this problem. b. Solve this model by using graphical analysis. Computer Solution Validate your manual solution for #4 using computer solution POM QM or Excel Solver * Include all appropriate reports as indicated in the Study Guide

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