The Decision Variables Represent the Amounts of Ingredients 1,2,and 3

question 3

Essay

The decision variables represent the amounts of ingredients 1,2,and 3 to put into a blend.The objective function represents profit.The first three constraints measure the usage and availability of resources A,B,and C.The fourth constraint is a minimum requirement for ingredient 3.Use the output to answer these questions.
a.How much of ingredient 1 will be put into the blend?
b.How much of ingredient 2 will be put into the blend?
c.How much of ingredient 3 will be put into the blend?
d.How much resource A is used?
e.How much resource B will be left unused?f. What will the profit be?g. What will happen to the solution if the profit from ingredient 2 drops to 4?h. What will happen to the solution if the profit from ingredient 3 increases by 1?i. What will happen to the solution if the amount of resource C increases by 2?j. What will happen to the solution if the minimum requirement for ingredient 3 increases to 15?

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Definitions:

Equivalent Unit

A concept in cost accounting used to apportion costs to partially completed goods, allowing for a more accurate calculation of the cost per unit.

Raw Materials Inventory

Raw Materials Inventory accounts for the cost of materials that have been purchased but not yet processed or used in production on the balance sheet.

Accounts Payable

Accounts payable represent a company's obligation to pay off a short-term debt to its creditors or suppliers.

Factory Overhead

Expenses related to operating a factory that cannot directly traced to specific units produced, including utilities, depreciation, and maintenance.