businessssssss mathhhhh

Dec 9th, 2014
FratBro23
Category:
Business & Finance
Price: $50 USD

Question description

A meat market manager for a large grocery store is preparing a processing plan to stock the shelves with sausage, ground meat, and jerky, which he can prepare from beef, pork and venison. Sausage and ground meat can be made of any mix of the beef, pork and venison, as long at the fat contents are below 15% for sausage and 10% for ground meat. Sausage sells for $5/pound and ground meat sells for $3/pound. Jerky, which sells or $10/pound, is made in a drying process from beef or venison. In the drying process, there is a 50% loss in weight for jerky made from beef (e.g., one pound of beef yields 0.5 pounds of beef jerky) and a 30% loss in weight for jerky made from venison. The market can sell at most 500 pounds of sausage, 1000 pounds of ground meat, and 100 pounds of jerky before their expiration dates. There are currently 1,000 pounds of beef (10% fat content), 500 pounds of pork (8% fat content), and 200 pounds of venison (2% fat content) available for processing.

Refer to Exhibit 4-3. Determine the optimal processing plan for the meat market.


and



A company blends silicon and phosphorous to produce two types of fertilizers. Fertilizer 1 must be at least 50% nitrogen and sells for $55 per pound. Fertilizer 2 must be at least 55% phosphorous and sells for $45 per pound. The company can purchase up to 9000 pounds of nitrogen at $20 per pound and up to 12,000 pounds of phosphorous at $12 per pound.

Refer to Exhibit 4-4. Assuming that all fertilizer produced can be sold, determine the optimal blending plan for the company. What is the maximum profit?

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