solve the LP Models asap (b) Two dietary drinks are used to supply protein and carbohydrates. The first drink provides 1unit of protein and 3 units of carbohydrates in each liter. The second drink supplies 2 unitsof protein and 2 units of carbohydrates in each liter. An athlete requires 3 units of proteinand 5 units of carbohydrates. Find the amount of each drink the athlete should consumeto minimize the cost and still meet the minimum dietary requirements. The first drink costsPhp 2 per liter and the second costs Php 3 per liter.

To find: The amount of drink athlete consumed to minimize the cost. Given: The athlete requires 3…

Answered: (b) Two dietary drinks are used to…

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter12: Developing And Managing Products

Section12.1: Sriracha Heats Up The Hot Sauce Market

Problem 3VC

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Sampaguita Company makes corsages that it sells through salespeople on the streets. Each sells for P2 and has variable production costs of P0.80. The salespeople receive a P0.50 commission on each corsage they sell, and the company must spend P0.05 to get rid of each unsold corsage. The corsages last for only one week and cannot be carried in inventory.The manager of the firm had estimated demand per week and associated probabilities as follows:Demand Probability100,000 0.20120,000 0.20140,000 0.30160,000 0.30 The optimal weekly production of the corsage is? Please show solution.
The third question free food from your distributor. The annual -A commercial company orders a type of gluten demand is 5,000 packages, the price of one package is $8, the cost of maintaining one unit is $1, and the cost of preparing the order is $25. If the distributor offers some selling temptations to this company in the form of a discount as follows: 5% discount if the quantity purchased at one time is at least 3000 packs. 6% discount if the quantity purchased at one time is at least 4000 units Decide on the quantity to be purchased so that the total cost of inventory is as low as possible.
You are the Economic Consultant for Zuku Farms Ghana Limited. Zuku produces cowpea in a community where producers are able to switch back and forth between cowpea and groundnut depending on market conditions. Consequently, you were tasked by the management of Zuku and you estimated the demand function for cowpea as follows: where is the quantity of cowpea demanded in bags per month, is the average price of cowpea in Ghana Cedis, is the average price of groundnut in Ghana Cedis, and Y is the income of consumers. Assuming is initially GH¢31.00 per bag, Y is GH¢1001.50 Required: Find the resulting demand function for cowpea and determine the number of bags Zuku can sell at GH¢ 45.00 per bag. Management is considering increasing price of cowpea by GH¢10.00 per bag. Advise management on this price change using the concept of price elasticity of demand. Explain why management should be worried about a reduction in the price of groundnut
Inayah is a rational consumer who consumes milk and cookies only from her monthly income of Rs. 1,500. If the price of milk is Rs. 500 per liter and the price of one pack of cookie is Rs. 300, answer the following questions: Assume that Inayah’s consumption of milk and cookies give her following level of utility: Quantity MU milk MU cookies 1 400 450 2 350 200 3 200 150 4 100 100 5 70 60 6 30 30 7 0 0 Find the optimal level of consumption. Find the consumer equilibrium using the two-dimensional labeled diagram.
Tom is a habitual shopper at garage sales. Last Saturday he stopped at one where there were several types of used building materials for sale. At the low prices being asked, Tom knew that he could resell the items in another town for a substantial gain. Four things stood in his way: he could only make one round trip to resell the goods; his pickup truck bed would hold only 1200 pounds; the pickup truck bed could hold at most 80 cubic feet of merchandise; and he had only $190 cash with him. He wants to load his truck with the mix of materials that will yield the greatest profit when he resells them. Formulate (define objective function and constraints) and solve this problem (using excel solver) as a linear program.
A purchasing agent for a particular type of silicon wafer used in the production ofsemiconductors must decide among three sources. Source A will sell the siliconwafers for $2.50 per wafer, independently of the number of wafers ordered. Source Bwill sell the wafers for $2.40 each but will not consider an order for fewer than3,000 wafers, and Source C will sell the wafers for $2.30 each but will not acceptan order for fewer than 4,000 wafers. Assume an order setup cost of $100 and anannual requirement of 20,000 wafers. Assume a 20 percent annual interest rate forholding cost calculations.c. If the replenishment lead time for wafers is three months, determine the reorderpoint based on the on-hand level of inventory of wafers
A purchasing agent for a particular type of silicon wafer used in the production ofsemiconductors must decide among three sources. Source A will sell the siliconwafers for $2.50 per wafer, independently of the number of wafers ordered. Source Bwill sell the wafers for $2.40 each but will not consider an order for fewer than3,000 wafers, and Source C will sell the wafers for $2.30 each but will not acceptan order for fewer than 4,000 wafers. Assume an order setup cost of $100 and anannual requirement of 20,000 wafers. Assume a 20 percent annual interest rate forholding cost calculations.a. Which source should be used, and what is the size of the standing order?
A purchasing agent for a particular type of silicon wafer used in the production ofsemiconductors must decide among three sources. Source A will sell the siliconwafers for $2.50 per wafer, independently of the number of wafers ordered. Source Bwill sell the wafers for $2.40 each but will not consider an order for fewer than3,000 wafers, and Source C will sell the wafers for $2.30 each but will not acceptan order for fewer than 4,000 wafers. Assume an order setup cost of $100 and anannual requirement of 20,000 wafers. Assume a 20 percent annual interest rate forholding cost calculations.b. What is the optimal value of the holding and setup costs for wafers when theoptimal source is used?
O B/S أيقونة المجموعة Rebecca Kaplan, who operates 3 points family-owned Glazer's Camera, in Seattle, Washington, with her brother, Ari Lackman, shuns traditional discounts because the profit margins on the photographic equipment the store sells are too slim to offer price reductions. Instead, Glazer's Camera offers customers limited discounts by bundling cameras with high-end accessories, such as tripods, lenses, and camera bags, at special prices. To differentiate their store from competitors, Kaplan and Lackman invest in training their staff and offer special services, such as in- store photography classes. This is an example of O bundling O multiple-unit pricing O odd-pricing creative-pricing
The GIIC -Company must determine a policy for ordering coal to operate 15 smelters. Each smelter requires exactly 5 tons of coal per day to operate, and the firm operates 360 days per year. The purchasing manager has negotiated a contract to obtain the coal for 5 BD per ton for the coming year. The purchasing manager has determined that the ordering cost is 40 BD per order, and the cost of holding coal is 20% per ton of its value. i. Determine the optimal quantity of coal to receive in each order. ii. Determine the total inventory-related costs associated with the optimal ordering policy (do not include the cost ii. If five days' lead time is required to receive an order of coal, how much coal should be on hand when an iv. Optimal quantity 1837.11 Tons, Total cost 1837.11 BD, Inventory during LT 275 Tons of the coal). order is placed? i. Optimal quantity 1469.694 Tons, Total cost 1469.694 BD, Inventory during LT 375 Tons ii. Optimal quantity 734.85 Tons, Total cost 1649.694 BD,…
Any Company buys and resells a wide range of personal care products. Their ongoing challenges, like many of their competitors include shipping time for purchases, optimizing use of their storage space, and shipping time for sales to their customers. The company’s control over shipping time for purchases is limited. Their choice of suppliers has more impact on shipping time than any encouragement they can offer to those suppliers. Any Company uses multiple warehouses. Some are owned by the company, others are leased. The company uses contract shippers, FedEx/UPS, and the US Postal Service. Your task is to identify at least 4 KPIs you think will be relevant for Any Company to understand and improve their inventory management. Identify the data necessary for your KPIs as specifically as possible. You may use any KPIs we have mentioned in class or from the labs. Feel free to use others or to create your own. Your response does not need to include a description of graphs you might…
LPM Corp. produces and sells two types of frozen burgers, Turkey Burgers and Veggie Burgers. In the most recent month, the firm sold 12,000 Turkey Burgers and 8,000 Veggie Burgers. Turkey Burgers sold for $14.00 per box and variable costs were $7.40 per box. The Veggie Burgers sold for $16.00 per box and variable costs were $8.25 per box. The fixed expenses of the entire company were $41,160. If the sales mix were to shift toward the Turkey Burgers product line with total sales volume remaining constant at 20,000, the overall break-even point for the entire company:

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