In: Operations Management
Doug Turner Food Processors wishes to introduce a new brand of dog biscuits composed of chicken and liver flavored biscuits that meet certain nutritional requirements. The liver flavored biscuits contain 1 unit of nutrient A and 2 units of nutrient B; the chicken flavored biscuits contain 1 unit of nutrient A and 4 units of nutrient B. According to federal requirements, there must be at least 40 units of nutrient A and 60 units of nutrient B in a package of the new mix. In addition, the company has decided that there can be no more than 15 liver flavored biscuits in a package. It costs 1¢ to make 1 liver flavored biscuit and 2¢ to make 1 chicken flavored. Doug wants to determine the optimal product mix for a package of the biscuits to minimize the firm's cost.
The aim of the objective function should be to ▼ Minimize Maximize the objective value.
The optimum solution is:
Number of liver flavored biscuits in a package = ___ (round your response to two decimal places).
Number of chicken flavored biscuits in a package = ____ (round your response to two decimal places).
Optimal solution value = ____ (round your response to two decimal places).
We tabulate the given data as shown below:
Let the number of Liver Flavored Biscuits be x and No. of Chicken Flavoured biscuits be y
Hence, the Total Cost of biscuits = 0.01 * x + 0.02 * y
We have to minimize the costs
The aim of the objective function should be to Minimize the objective value.
Hence, the Objective function
Minimize Total Costs = C = 0.01 * x + 0.02 * y
Subject to constraints:
1*x + 1*y >= 40............Minimum requirement of Nutrient A
2x + 4y >= 60...............Minimum Requirement of Nutrient B
x <= 15........................Max. no. of Liver flavored biscuits in a package
x, y >= 0 ......................Non-negativity Constraints
Solving the above in Excel Solver we get,
The above solution in the form of formulas along with Solver Extract is shown below for better understanding and reference:
As seen from solution,
The optimum solution is:
Number of liver-flavored biscuits in a package = 15.00
Number of chicken flavored biscuits in a package = 25.00
Optimal solution value = $0.65
_______________________________________________________________________________________
In case of any doubt, please ask through comment section before Upvote / downvote.
Kindly rate the answer as it will be encouraging for me to keep answering further questions!!!