Mgmt486Asg-ONE[2] - MGMT 486 QUANTITATIVE BUSINESS ANALYSIS...

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MGMT 486: QUANTITATIVE BUSINESS ANALYSIS ASSIGNMENT NUMBER ONE - DUE: Thursday May 27, 2010 Linear Programming – Graphical Method Question 1 The Munchies Cereal Company makes a cereal from several ingredients. Two of the ingredients, oats and rice, provide vitamins A and B. The company wants to know how many ounces of oats and rice it should include in each box of cereal to meet the minimum requirements of 48 milligrams of vitamin A and 12 milligrams of vitamin B while minimizing cost. An ounce of oats contributes 8 milligrams of vitamin A and 1 milligram of vitamin B, whereas an ounce of rice contributes 6 milligrams of A and 2 milligrams of B. An ounce of oats costs $0.05, and an ounce of rice costs $0.03. a) Formulate a linear programming model for this problem 9 b) Solve this model by using graphical analysis 8 c) What would be the effect on the optimal solution if the cost of rice increased from $0.03 to $0.06 per ounce? 5 Question 2
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This note was uploaded on 06/01/2010 for the course MGMT 500 taught by Professor Steve during the Spring '10 term at University of West Georgia.

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Mgmt486Asg-ONE[2] - MGMT 486 QUANTITATIVE BUSINESS ANALYSIS...

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