In: Statistics and Probability
Helena Lorimer runs a set of ice cream cafes that sell mainly three flavors of ice cream: vanilla, chocolate, and strawberry. Hot weather and high demand have caused her to run short of the main ingredients: milk, sugar, and cream. She has decided to make the best assortment of ice cream quantities in these three flavors and ration out the deliveries to the cafes.
She has collected data on the profitability of the various flavors, availability of supplies, and the amounts of ingredients required for each flavor.
Flavor |
Profit per Gallon |
Usage/Gallon |
||
Milk (gal.) |
Sugar (lbs.) |
Cream (gal.) |
||
Chocolate |
$1.00 |
0.45 |
0.50 |
0.10 |
Vanilla |
$0.90 |
0.50 |
0.40 |
0.15 |
Strawberry |
$0.95 |
0.40 |
0.40 |
0.20 |
Max available |
200 |
150 |
60 |
She wants to determine the optimal product mix for the Lorimer ice cream.
Let x1 = the # of gallons of Chocolate ice cream made
x2 = the # of gallons of Vanilla ice cream made
x3 = the # of gallons of Strawberry ice cream made
Max Z = $1.00x1 + $0.90x2 + $0.95x3
Subject To:
0.45x1 + 0.50x2 + 0.40x3 |
≤ 200 gal |
Milk Supply Constraint |
0.50x1 + 0.40x2 + 0.40x3 |
≤ 150 lbs |
Sugar Supply Constraint |
0.10x1 + 0.15x2 + 0.20x3 |
≤ 60 gal |
Cream Supply Constraint |
x1 |
≥ 0 gallons |
x1 Non-negativity Constraint |
x2 |
≥ 0 gallons |
x2 Non-negativity Constraint |
x3 |
≥ 0 gallons |
x3 Non-negativity Constraint |
Use your Excel spreadsheet model to answer the following question. Select the answer that best fits what you got. The answer options are not in any particular order.
What is the value of the X1 decision variable at the optimal solution?
Select one:
a. X1 = 50
b. X1 = 50 gallons
c. X1 = 75
d. X1 = 100
e. X1 = 150
f. X1 = 0
g. X1 = 0 gallons
h. X1 = 150 gallons
i. X1 = 75 gallons
j. X1 = 100 gallons
Please show me how to run in Excel in detail. I really want to understand how to do via Excel. Thank you. ASAP
Formula:
Steps:data->solver
is the output.
Maximum Profit:41.25 dollars
X1=0,X2=300,X3=75
Also,Milk=180 gallons
Sugar=150 gallons
Cream=60 gallons.
please rate my answer and comment for doubts.