Examlex

Solved

Note: This Problem Requires the Use of a Linear Programming yi={1, if product j is produced 0, ot herwise y _ { i } = \left\{ \begin{array} { l } 1 , \text { if product } j \text { is produced } \\0 , \text { ot herwise }\end{array} \right.

question 34

Multiple Choice

Note: This problem requires the use of a linear programming application such as Solver or Analytic Solver.
A bakery produces both pies and cakes. Both products use the same materials (flour, sugar and eggs) and both have a setup cost ($100 for cakes, $200 for pies) . The baker earns a profit of $10 per cake and $12 per pie and can sell as many of each as it can produce. The daily supply of flour, sugar and eggs is limited. To manage the decision-making process, an analyst has formulated the following linear programming model (assume that it is possible to produce fractional pies and cakes for this example) :
Max 10x1 + 12x2 - 100y1 - 200y2
s.t. 5x1 + 10x2 ? 1000 {Constraint 1}
2x1 + 5x2 ? 2500 {Constraint 2}
2x1 + 1x2 ? 300 {Constraint 3}
My1 ? x1 {Constraint 4}
My2 ? x2 {Constraint 5} yi={1, if product j is produced 0, ot herwise y _ { i } = \left\{ \begin{array} { l } 1 , \text { if product } j \text { is produced } \\0 , \text { ot herwise }\end{array} \right.
Set up the problem in Excel and find the optimal solution. What is the maximum profit possible?


Definitions:

Crisis Teams

Groups of professionals trained to respond to psychological, psychiatric, or social emergencies, providing immediate support and intervention.

School Administration

The management and organization of all school operations, ranging from setting academic policies to managing human resources and finances.

Necessary Support

Assistance required to meet basic needs or to foster wellbeing, often in contexts of help or care services.

Accurate Information

Precise and correct data or knowledge communicated without any errors, biases, or distortions.

Related Questions