Connect Online Access for Operations Management
14th Edition
ISBN: 9781260242355
Author: William J. Stevenson
Publisher: Mcgraw-hill Higher Education (us)
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 19, Problem 14P
A chocolate maker has contracted to operate a small candy counter in a fashionable store. To start with, the selection of offerings will be intentionally limited. The counter will offer a regular mix of candy made up of equal parts of cashews, raisins, caramels, and chocolates, and a deluxe mix that is one-half cashews and one-half chocolates, which will be sold in one-pound boxes. In addition, the candy counter will offer individual one-pound boxes of cashews, raisins, caramels, and chocolates.
A major attraction of the candy counter is that all candies are made fresh at the counter. However, storage space for supplies and ingredients is limited. Bins are available that can hold the amounts shown in the table.
In order to present a good image and to encourage purchases, the counter will make at least 20 boxes of each type of product each day. Any leftover boxes at the end of the day will be removed and given to a nearby nursing home for goodwill.
The profit per box for the various items has been determined as follows.
a. Formulate the LP model.
b. Solve for the optimal values of the decision variables and the maximum profit.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Pipe Company orders six irrigation pumps from Quality Pumps Inc. The pumps are stored in Re-storage Warehouse. Under the terms of the order, Quality must give Pipe a warehouse receipt for the goods, which the buyer will then pick up. Title to the goods passes to Pipe when
a.
Quality stores the pumps.
b.
Pipe picks up the pumps.
c.
Quality gives Pipe the warehouse receipt.
d.
Pipe orders the pumps.
Spotlight Video is a premier video rental company in Denver, Colorado, offering the latest selections on DVD, game, and VHS releases. After DVDs and VHS tapes have been viewed a certain number of times, their quality deteriorates to the point that Spotlight Video considers them to be defective. Furthermore, some customers own DVD and VHS players that are defective and can ruin Spotlight Video’s merchandise. Spotlight Video wants to maintain an inventory of DVDs and VHS tapes that are at least 85 percent acceptable, although 95 percent is preferable. However, since it can’t keep customers’ machines from damaging the rentals, Spotlight Video has had to relax its criterion a little. You have been hired to create a spreadsheet that will evaluate each DVD and VHS based on the following criteria:
■ A number of times each title has been rented.
■ A number of defects have been reported.
■ The percent acceptable must be above 85 percent based on usage.
If the percentage reported is below…
56
Charlie's Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every five weeks to take orders. Because the orders are shipped directly from Italy, they take four weeks to arrive. Charlie's Pizza uses an average of 250 pounds of pepperoni each week, with a standard deviation of 10 pounds. Charlie's prides itself on offering only the best-quality ingredients and a high level of service, so it wants to ensure a 99 percent probability of not stocking out on pepperoni. Assume that the sales representative just walked in the door and there are currently 490 pounds of pepperoni in the walk-in cooler.
How many pounds of pepperoni would vou order?
Note: Use Excel's NORM.S.INV( function to find the z value. Do not round intermediate calculations. Round z value to 2 decimal places and final answer to the nearest whole number.
Chapter 19 Solutions
Connect Online Access for Operations Management
Ch. 19 - For which decision environment is linear...Ch. 19 - What is meant by the term feasible solution space?...Ch. 19 - Explain the term redundant constraint.Ch. 19 - Prob. 4DRQCh. 19 - Prob. 5DRQCh. 19 - Prob. 6DRQCh. 19 - Prob. 1PCh. 19 - Prob. 2PCh. 19 - Prob. 3PCh. 19 - A small candy shop is preparing for the holiday...
Ch. 19 - A retired couple supplement their income by making...Ch. 19 - Solve each of these problems by computer and...Ch. 19 - Prob. 7PCh. 19 - For Problem 6b: a. Find the range of feasibility...Ch. 19 - Prob. 9PCh. 19 - Prob. 10PCh. 19 - Prob. 11PCh. 19 - The manager of the deli section of a grocery...Ch. 19 - Prob. 13PCh. 19 - A chocolate maker has contracted to operate a...Ch. 19 - Prob. 15PCh. 19 - Prob. 16PCh. 19 - Prob. 1.1CQCh. 19 - Prob. 1.2CQCh. 19 - Prob. 1.3CQCh. 19 - Prob. 2.1CQCh. 19 - Prob. 2.2CQCh. 19 - Prob. 2.3CQCh. 19 - Prob. 2.4CQ
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Similar questions
- The last two weeks of December are usually slow for room sales, but a local Snow and Ice Festival will attract visitors who may request reservations for single overnight accommodations. What policy should the hotel develop for accepting such room reservationsarrow_forward4. Astore is currently offering a 60% discount on all items purchased. Your cashier is trying to convince you to open a store credit card and says to you, "In addition to the 60% discount you are receiving for purchasing these items on sale today, you will get an additional 20% off for opening a credit card account. That means you are getting 105% off!" %3D a. What is the mistaken assumption here? b. Why is that assumption incorrect? c. If you did truly have 80% discount, explain what should happen when you go to the counter to buy $500 worth of items? show calculation d. If you got your 60% discount and opened up the card for an additional 20%, what is the actual % discount you would receive? show calculation e. Is it better to apply the 60% discount first or the 20% discount first?_show calculationarrow_forwardJacqueline Mulvaney makes bespoke corsages. She is about to attend an important show in London. She thinks that if the market is favorable, she can sell deluxe corsages at $75 each. However, if the market is not good, she will only sell 35 at $65 each. Jacqueline also makes a simple-range of corsages. If the market is positive, she can sell 80 simple corsages at $45 each, whereas if the market is not good, she will only sell 60 at $38 each. To produce either set of corsages costs about the same and she only has time to make one range. If Jacqueline feels that there is a 0.5 chance of the show going well, which range of corsages should she make based on the EMV?arrow_forward
- A full-service advertising agency refers to Multiple Choice an advertising agency that not only provides a complete range of services, including market research, media selection, copy, art, and production, it has input into actual product design. an advertising agency that specializes in one aspect of the advertising process such as developing advertising copy or providing social media serviçes. an advertising agency that provides the most complete range of services, including market research, media selection, copy development, artwork, and production. firms that are large enough to carry their own in-house advertising staff to provide all advertising services the company needs. one that sets a firm's advertising objectives, designs the market research, recommends media selection, suggests copy development and artwork, and then allows the firm to implement the recommendations itself.arrow_forwardMisu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $120 for a comforter. Misu wants a 30% markup on selling price. What is the most that Misu can pay for a comforter? Assume Misu Sheet wants a 30% markup on cost instead of on selling price. What is Misu's cost? Round to the nearest cent.arrow_forwardYou need to replace your dryer. Both a big box store and a local appliance dealer are selling a dryer for the same price. Which of the following alternatives has a relevant benefit? A big box store offers free expedited delivery, making its delivery date the same as a local appliance dealer. The price for a dryer from a local appliance dealer includes a repair warranty on the dryer. Both the local appliance dealer and the big box store offer a free haul away service for your old dryer. Both the local appliance dealer and the big box store offer compatible warranty coverage.arrow_forward
- Which cereal is the better buy: Brand A, on sale at $10 for five 12.8-ounce boxes or Brand B, which costs $10 for four 16.9-ounce boxes?arrow_forwardYou can sell 60 pet chia per week if they are marked as $1 each , but only 50 per week if they are marked $2 per chia. Your chia supplier is prepared to sell you 10 chias per weekif they are marked $1 per chia, and 20 per week if they are marked $2 per chia. At what price should the chias be marked so that there is neither surplus nor a shortage of chias?arrow_forwardEvery Monday during the month of December salespeople who had the highest sales the previous week participated in a package surprise where each would receive a package containing either a $50 or a $100 bill. This short-term incentive is known as aarrow_forward
- 4 To meet the prelicensing education requirement, an Individual must successfully complete: A) 10 hours of education, Including include 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training relate standards for the nontraditional mortgage product marketplace B) 15 hours of education, including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training related to the nontraditional mortgage product marketplace. C) 20 hours of education, Including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training the nontraditional mortgage product marketplace. D) 25 hours of education, Including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training related to lend the nontraditional mortgage product marketplace.arrow_forwardThere must be an agent in Three level Channels: Select one: a. Trueb. Falsearrow_forwardAn online store sells two types of speaker docks for smartphones. The higher-priced speaker dock sells for $190 and the lower-priced speaker dock sells for $70. Last week the store sold four times as many lower-priced speaker docks as higher-priced speaker docks. Combined sales totaled $4,230. How many lower-priced speaker docks did it sell?The store sold, lower-priced speaker docks.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,
Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
Production and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.
Practical Management Science
Operations Management
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:Cengage,
Operations Management
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
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.
Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY