Julia's Food Booth

Julia's Food Booth - the oven and the food. C. Julia does...

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Quantitative Methods Assignment 3
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Leslie Lawton_5/22/11 Quantitative Methods Julia's Food Assignment 3 Original Problem Maximize Cost Profit Hotdogs 0.45 12 <= 300 Pizza 6 24 <= 400 Barbeque 0.9 20 <= 350 Dual Problem Hotdogs Pizza Barbeque Minimize 300 400 350 Cost 0.45 6 0.9 >= 0 Profit 12 24 20 >= 0 Variable Value Reduced COriginal Val Lower Bound Upper B Cost 0 0 0 ### 0 Profit 0 0 0 ### 0 Constraint Dual ValueSlack/SurpOriginal Val Lower Bound Upper B Hotdogs 0 300 300 0 Infinity Pizza 0 400 400 0 Infinity Barbeque 0 350 350 0 Infinity
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Booth D. There are several uncertainties with the model, which include Bound Bound B. Julia does not have enoungh funding for her initial startup costs. She should consider borrowing because she only has 1,500 which is only enough to cover the booth cost, not
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Unformatted text preview: the oven and the food. C. Julia does not have enough to pay her friend. She would only be able to pay her friend $100 if she borrows additional money. * Uncertain of the the amount of pizzas, hotdogs, and barbeque sandwiches should be purchased and the associated cost. *Uncertain of the amount of profit due to the lack of information on the number of sales *The uncertainties of the model impacts the opening of the booth , the lack of information does not allow an accurate solution to the problem. More information is required to determine how much of a profit Julia will have after the first game....
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Julia's Food Booth - the oven and the food. C. Julia does...

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