PLEASE USE EXCELTuckered Outfitters plans to market a custom brand of packaged trail mix. The ingredients for the trail mix will include Raisins, Grain, Chocolate Chips, Peanuts and Almonds costing, respectively, $2.50, $1.50, $2.00, $3.50 and $3.00 per pound. The vitamin, mineral, and protein content of each of the ingredients (in grams per pound) is summarized in the following table along with the calories per pound of ingredient: RaisinsGrainChocolate ChipsPeanutsAlmondsVitamins2010103020Minerals74593Protein421101Calories450160500300500 The company would like to identify the least costly mix of these ingredients that provides at least 40 grams of vitamins, 15 grams of minerals, 10 grams of protein, and 600 calories per 2-pound package. Additionally, they want each ingredient to account for at least 5% and no more than 50% of the weight of the package. Formulate the LP model for this problem.Create the spreadsheet model and use Solver to solve the problem.What is the optimal mix, and how much is the total ingredient cost per package? Tuckered Outfitters plans to market a custom brand of packaged trail mix. Theingredients for the trail mix will include Raisins, Grain, Chocolate Chips, Peanutsand Almonds costing, respectively, $2.50, $1.50, $2.00, $3.50 and $3.00 perpound. The vitamin, mineral, and protein content of each of the ingredients (ingrams per pound) is summarized in the following table along with the calories perpound of ingredient:RaisinsGrainPeanutsAlmondsChocolateChips10Vitamins201030207493MineralsProteinCalories421101450160500300500The company would like to identify the least costly mix of these ingredients thatprovides at least 40 grams of vitamins, 15 grams of minerals, 10 grams of protein,and 600 calories per 2-pound package. Additionally, they want each ingredient toaccount for at least 5% and no more than 50% of the weight of the package.1. Formulate the LP model for this problem.2. Create the spreadsheet model and use Solver to solve the problem.3. What is the optimal mix, and how much is the total ingredient cost perpackage?

Product mix refers to the variety of products a business offers its customers. Manufacturers and…

Answered: Tuckered Outfitters plans to market a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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PLEASE USE EXCEL

Tuckered Outfitters plans to market a custom brand of packaged trail mix. The ingredients for the trail mix will include Raisins, Grain, Chocolate Chips, Peanuts and Almonds costing, respectively, $2.50, $1.50, $2.00, $3.50 and $3.00 per pound. The vitamin, mineral, and protein content of each of the ingredients (in grams per pound) is summarized in the following table along with the calories per pound of ingredient:

	Raisins	Grain	Chocolate Chips	Peanuts	Almonds
Vitamins	20	10	10	30	20
Minerals	7	4	5	9	3
Protein	4	2	1	10	1
Calories	450	160	500	300	500

The company would like to identify the least costly mix of these ingredients that provides at least 40 grams of vitamins, 15 grams of minerals, 10 grams of protein, and 600 calories per 2-pound package. Additionally, they want each ingredient to account for at least 5% and no more than 50% of the weight of the package.

Formulate the LP model for this problem.
Create the spreadsheet model and use Solver to solve the problem.
What is the optimal mix, and how much is the total ingredient cost per package?

Transcribed Image Text:Tuckered Outfitters plans to market a custom brand of packaged trail mix. The ingredients for the trail mix will include Raisins, Grain, Chocolate Chips, Peanuts and Almonds costing, respectively, $2.50, $1.50, $2.00, $3.50 and $3.00 per pound. The vitamin, mineral, and protein content of each of the ingredients (in grams per pound) is summarized in the following table along with the calories per pound of ingredient: Raisins Grain Peanuts Almonds Chocolate Chips 10 Vitamins 20 10 30 20 7 4 9 3 Minerals Protein Calories 4 2 1 10 1 450 160 500 300 500 The company would like to identify the least costly mix of these ingredients that provides at least 40 grams of vitamins, 15 grams of minerals, 10 grams of protein, and 600 calories per 2-pound package. Additionally, they want each ingredient to account for at least 5% and no more than 50% of the weight of the package. 1. Formulate the LP model for this problem. 2. Create the spreadsheet model and use Solver to solve the problem. 3. What is the optimal mix, and how much is the total ingredient cost per package?

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