"Julia's Food Booth" Complete the "Julia's Food Booth" case problem on page 109 of the text. Address each of the issues A - D according the instructions given. (A) Formulate and solve an L.P. model for this case. There are three products or variables in this problem that we must consider for purchase. X1 = number of pizza slices Julia should purchase X2 = number of hotdogs Julia should purchase X3 = number of barbecue sandwiches Julia should purchase. The reason why Julia is having
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Assignment #3: Case Problem “Julia’s Food Booth” La-Tia Jackson MAT 540 Dr. Albert Yin May 26, 2013 1. Formulate and solve an L.P. model for this case. There are three products or variables in this problem that we must consider for purchase. X1 = number of pizza slices Julia should purchase X2 = number of hotdogs Julia should purchase X3 = number of barbecue sandwiches Julia should purchase. Julia decided to have a food booth in order to make some money. Her goal is to maximize the profit
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Julia is considering leasing a food booth outside Tech Stadium at home (6) football games. If she clears $1000 in profit for each game she believes it will be worth leasing the booth. $1000 per game to lease the booth $600 to lease a warming oven She has $1500 to purchase food for first game and will for remaining 5 games She will purchase her ingredients with money made from previous game. Each pizza costs $6 for 8 slices which is $0.75 per slice, and she will sell it for $1.50 Each
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Case Problem” Julia’s Food Booth” Julia’s objective is to maximize total profit; the total profit is the summary of the individual profits gained from each pizza slice, hot dog, and barbeque sandwich. I am going to estimate the profit for each item as difference between total revenue and total cost of the item. Total revenue Total cost Profit Pizza slice $1.50
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Assignment #3: Case Problem "Julia's Food Booth" Complete the "Julia's Food Booth" case problem on page 109 of the text. Address each of the issues A - D according the instructions given. (A) Formulate and solve an L.P. model for this case. See Excel worksheet. (B) Evaluate the prospect of borrowing money before the first game. I would suggest that Julia consider borrowing money before the first game to open up her food booth. According to the first constraint, she is subject to a $1,500 budget
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Julia is a student seeking a way in which to subsidize her education. She has decided to rent a food booth to sell items at home football games. Having decided to sell pizza, hot dogs, and BBQ sandwiches, Julia needs to decide specifically which items to sell, and what prices she should charge to maximize the profit on her initial investment of $1500. Julia will be selling her products twice per game and decides to sell pizza slices and hot dogs for $1.50, and BBQ sandwiches for $2.25. The Time
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Assignment 3: Julia’s Food Booth Professor Hines Quantitative Methods December 9, 2012 Julia Robertson who is a senior at Tech, she has been investigating different ways to finance her final year at school. She is considering leasing a booth at home games where she will be selling hotdogs, pizzas, BBQ sandwiches. In this report I will formulate and solve and L.P model, Evaluate the prospect of borrowing money before the first game, Evaluate the prospect of paying a friend $100/ game to assist
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Booth Introduction Julia is a senior at Tech, and she’s investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game, and Julia knows, from attending the games herself, that everyone eats a lot of food. She has a booth, and the booths are not very large. Vendors can sell either food or drinks on Tech property, but not both. Only the Tech athletic department
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Julia’s Food Booth NAME Strayer University MAT 540 LECTURER DATE Julia’s Food Booth Formulate and solve an L.P. model for this case. Julia Robertson is trying to advance her education and financing her education, to do so she started a food booth outside the Tech stadium selling Slices of cheese pizza, hot dogs, and barbecue sandwiches. This covers the items X1, X2, and X3 respectively. The costs of these items are $4.50, $0.50 and $1.00 respectively. As one knows the objective is to maximize Julia
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s=0 and Z = $2250 To produce the maximum results Julia should stock 1250 slices of pizza, and 1250 hot dogs, and 0 sandwiches. (B) Evaluate the prospect of borrowing money before the first game. It is clear from the report that the shadow price for the budget is 1.50 and allowable increase is 138.4 Therefore, each dollar added to the budget will increase profit by $1.50 with a maximum increase of $138.40. Therefore the maximum amount Julia can borrow is $138.40 which will produce an additional
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