Question

In: Finance

Consider “The Big Mac Attack”. Suppose you wish to select a nutritionally complete diet consisting of...

Consider “The Big Mac Attack”. Suppose you wish to select a nutritionally complete diet consisting of foods taken from this menu at the least cost. Specifically, suppose you would like to design a diet that provides at least 100% of the U.S.RDA (recommended daily allowance) of vitamins A, C, B, B1, B2, niacin, calcium, and iron, supplies at least 55 grams of protein, contains at most 3 grams of sodium, and provides at most 30% of its calories from fat. (IMPORTANT NOTE: 1 gram of fat contains nine calories)

Please scroll over to see the entire data set.

a.) Using Excel Solver, determine the least cost daily diet that satisfies all of the nutritional requirements mentioned above. (Hint: We also have to make sure that solver doesn’t assign decimals to something that we must buy in whole units).

Hamburger McLean Deluxe Big Mac French Fries Chic McNuggets Honey Chef Salad Garden Salad Egg McMuffin Wheaties Vanilla Yogurt Milk Orange Juice Grapefruit Juice Apple Juice
Price ($) 0.59 1.79 1.65 0.68 1.56 0 2.69 1.96 1.36 1.09 0.63 0.56 0.88 0.68 0.68
Calories 255 320 500 220 270 45 170 50 280 90 105 110 80 80 90
Protein (g) 12 22 25 3 20 0 17 4 18 2 4 9 1 1 0
Fat (g) 9 10 26 12 15 0 9 2 11 1 1 2 0 0 0
Sodium (mg) 490 670 890 110 580 0 400 70 710 220 80 130 0 0 5
Vit. A 4 10 6 0 0 0 100 90 10 20 2 10 0 0 0
Vit. C 4 10 2 15 0 0 35 35 0 20 0 4 120 100 2
Vit B1 20 25 30 10 8 0 20 6 30 20 2 8 10 4 2
Vit. B2 % U.S. RDA 10 20 25 0 8 0 15 6 20 20 10 30 0 2 0
Niacin 20 35 35 10 40 0 20 2 20 20 2 0 0 2 0
Calcium 10 15 25 0 0 0 15 4 25 2 10 30 0 0 0
Iron 15 20 20 2 6 0 8 8 15 20 0 0 0 0 4

Solutions

Expert Solution

Steps to be followed:

1.Define objective function : sumproduct of quantities of each product and price as shown in figue and in solver it is kept as minimum

2. As shown above constraints are calculated using sumproduct of quantity and respective variable .

3. Constraints are defined as shown in figure below :

4.Enter values in solver as shown below and click on solve . Following output will be seen


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