#1.Two university students, Jim Carstens and Angie Orsini, are planning to open a walk-in pizzarestaurant near campus that they will call Big Slice Pizza. They will have no seating and will selltwo kinds of oversized slices of pizza to go, plain cheese and pepperoni. The fixed annual costincluding rent and equipment is $26,000 and the variable cost per slice is $0.67. If they sell slicesfor $3.75, how many slices will they need to sell to break even? If they forecast demand to be540 slices per week, how much profit will they make? 1. Formulate a linear model (clearly state decision variables, objectivefunction, and constraints)2. Find optimal solutions using graphical techniques as shown in classPowerPoint slides.3. Find slack or surplus variables at each optimal solution.

This question is related to the topic Break even analysis and This topic falls under Operations…

Answered: Two university students, Jim Carstens…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

Maximize profit = 4X + 4Y Subject to: 3X +5Y ≤ 150 X – 2Y ≤ 10 5X + 3Y ≤ 150 X, Y ≥ 0 Required: a- The corner point method to obtain the optimal point. b- Specify the profit value. c- Calculate the Slack for each constraint and state its formula.
Let x = pieces of sofa, Y=pieces of table, Z=pieces of chair1.What is the objective function?2. Express the first constraint (wood) in mathematical sentence3. Express the second constraint (upholstery) in mathemathical sentence.4. Express the third constraint (Labor) in mathemathical sentence
19. What combination of x and y will yield the optimum for this problem? Maximize $3x + $15y, subject to (1) 2x + 3y ≤ 12 and (2) 5x + 2y ≤ 10 and (3) x, y ≥ 0. Part 2 A. x = 0, y = 3 B. x = 2, y = 0 C. x = 0, y = 0 D. x = 0, y = 4 E. x = 1, y = 5
Please do not give solution in image format thanku Let xi = 1 if Project i is selected, i = 1,2,3,4,5; and 0 otherwise: Which answer below indicates that if Project 2 is selected, then Project 4 must be selected? Group of answer choices None of the above x2 + x4 = 1 x2 + x4 ≤ 1 x4 ≤ x2 x2 ≤ x4
1. The following diagram represents a flow network. Each edge is labeled with its capacity, the maximum amount of stuff that it can carry. a. Formulate an algebraic model for this problem as a maximum flow problem. b. Develop a spreadsheet model and solve this problem. What is the optimal flow plan for this network? What is the optimal flow through the network?
Consider the linear program below and answer the follow questions Max 3A+2B s.t. A+B >=4 3A+4B <= 24 A>=2 A-B<=0 A,B >=0 A. Graph it B. Write in standard form C. Solve the problem D. What are the values of the slack and surplus variables at the optimal solution?
Max −A + 2B s.t. -2A + 3B ≤ 8 (Constraint 1) 6A - 2B ≤ 5 (Constraint 2) A + B ≤ 5 (Constraint 3) A ≥ 1 (Constraint 4) A, B ≥ 0 SHOW ALL CALCULATION STEPS a) Solve the LP Model using the graphical method. Label your graph completely (and upload your graph as a jpg). State your optimal solution and objective function value. b) Calculate the Slack/Surplus for each constraint. c) Calculate the Shadow/dual Prices for each constraint.
Gerald Glynn manages the Michaels Distribution Center. After careful examination of his database information, he has determined the daily requirements for part-time loading dock personnel. The distribution center operates 7 days a week, and the daily part-time staffing requirements are LOADING... Day M T W Th F S Su Requirements 7 5 4 2 5 2 5 Find the minimum number of workers Glynn must hire. Prepare a workforce schedule for these individuals so that each will have 2 consecutive days off per week and all staffing requirements will be satisfied. Give preference to the S-Su pair in case of a tie. (Note: If there is a tie that cannot be broken by following the preference to the S-Su pair, choose the pair closest to the beginning of the considered week.) Part 2 The minimum number of workers is enter your response…
ou are given a linear programming problem. Maximize P = 3x + 3y subject to 5x + 3y ≤ 30 Resource 1 2x + 3y ≤ 21 Resource 2 x ≤ 4 Resource 3 y ≥ 0 x ≥ 0 (a) Use the method of corners to solve the problem. The maximum is P = at (x, y) = . (b) Suppose P = cx + 3y. Find the range of values that the coefficient c of x can assume without changing the optimal solution. ≤ c ≤ (c) Find the range of values that Resource 1 can assume. ≤ (Resource 1) ≤ (d) Find the shadow price for Resource 1.
Consider the following linear program. Max 1A + 2B s.t 1A≤ 4 1B≤ 3 2A + 2B = 10 A, B ≥ 0 (a) Show the feasible region. (b) What are the extreme points of the feasible region? (b) What are the extreme points of the feasible region? smaller x-value (A, B) = (______) larger x-value (A,B)= (_____) (c) Find the optimal solution using the graphical procedure. (A, B) = (______)
a) What is the optimal solution and what is the value of the objective function b) Which constraints are binding and which constraint show extra capacity?c) 100 hours of manufacturing time became available .Evaluate the effect? Explain
Gerald Glynn manages the Michaels Distribution Center. After careful examination of his database information, he has determined the daily requirements for part-time loading dock personnel. The distribution center operates 7 days a week, and the daily part-time staffing requirements are: LOADING... Day M T W Th F S Su Requirements 6 3 5 3 7 2 3 Find the minimum number of workers Glynn must hire. Prepare a workforce schedule for these individuals so that each will have 2 consecutive days off per week and all staffing requirements will be satisfied. Give preference to the S-Su pair in case of a tie. (Note: If there is a tie that cannot be broken by following the preference to the S-Su pair, choose the pair closest to the beginning of the considered week.) The minimum number of workers is 77 workers. (Enter…

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS