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Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was located. There were no other French restaurants in Draperton, and the possibility of doing something new and somewhat risky intrigued the two friends. They purchased an old Victorian home just off Main Street for their new restaurant, which they named The Possibility. Angela and Zooey knew in advanced that at least initially they could not offer a full, varied menu of dishes. They had no idea what their local customers tastes in French cuisine would be, so they decided to serve only two full-course meals each night, one with beef and the other with fish. Their chef, Pierre, was confident he could make each dish so exciting and unique that two meals would be sufficient, at least until they could assess which items were most popular. Pierre indicated that with each meal he could experiment with different appetizers, soups, salads, vegetable dishes, and desserts until they were able to identify a full selection of menu items. The next problem for Angela and Zooey was to determine how many meals to prepare for each night so they could shop for ingredients and set up the work schedule. They could not afford too much waste. They estimated that they would sell a maximum of 60 meals each night. Each fish dinner, including all accompaniments, requires 15 minutes to prepare, and each beef dinner takes twice as long. There is a total of 20 hours of kitchen staff labor available each day. Angela and Zooey believe that because of the health consciousness of their potential clientele they will sell at least three fish dinners for every two beef dinners. However, they also believe that at least 10% of their customers will order beef dinners. The profit from each beef dinner will be approximately $16, and the profit from a fish dinner will be about $12. Formulate a linear programming model for Angela and Zooey that will help them estimate the number of meals they should prepare each night and solve this model graphically If Angela and Zooey increased the menu price on the fish dinner so that the profit for both dinners was the same, what effect would that have on their solution? Suppose Angela and Zooey reconsidered the demand for beef dinners and decided that at least 20% of their customers would purchase beef dinners. What effect would this have on their meal preparation plan?
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DOZZA National Savings&Loan makes five kinds of loans. The following table shows the interest rate charged per year for each type of these loans 15 revolving loan The bank has $53 million in available funds. Its objective is to maximize yield on investment. The demand for short-term revolving loans never exceeds S5 million. Some of the banks policies and regulations are discussed below a.) Home improvement loans cannot be higher than 20% of first mortgage loans. b.) Commercial loans must be smaller than or equal to the second mortgage loans. c.) The bank must invest at least 60 percent of the loans outstanding (total loans) in mortgage. d. For safety reasons, there must be at least $2 invested in first mortgage loans for every dollar invested in second mortgage loans. Find the best banks fund allocation plan. Max Z:.15X1 .10 X2.13.6 X3.14X4 +.18X5 Constrain: X1+X2 + X3 + X4 +X5 $53million X5 S5 million X3 2 X2 XI X X2 +X4 .60 (X1 +X2 +X3+X4+X5)
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  • “The Possibility” Restaurant Angela Fox and Zooey Caulfield were food and nutrition majors at State University,...

    “The Possibility” Restaurant Angela Fox and Zooey Caulfield were food and nutrition majors at State University, as well as close friends and roommates. Upon graduation Angela and Zooey decided to open a French restaurant in Draperton, the small town where the university was located. There were no other French restaurants in Draperton, and the possibility of doing something new and somewhat risky intrigued the two friends. They purchased an old Victorian home just off Main Street for their new restaurant,...

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