In: Statistics and Probability
Question 2 options: Groovy Juice Mixers, Inc. Groovy Juice Mixers, Inc. mixes specialty drinks out of apple, guava, and papaya juices. Currently it has 1300, 700, and 600 gallons of each of these kinds of juices in inventory, respectively. Groovy currently has two products, Tropical Breeze and Guava Jive, which sell for $2.20 and $1.70 per gallon, respectively. Tropical Breeze is a mixture of all three ingredients that consists of 20% to 25% guava juice, and also 20% to 25% papaya juice. Guava Jive consists at least 50% and at most 55% guava. It does not have to contain papaya juice, but if it does, it may be at most 10% papaya. Assume inventory is a sunk cost, and that the costs of mixing are negligible. Therefore, Groovy's goal is to obtain the maximum possible revenue from the inventory on hand. To do this problem you will need 6 Decision Variables: TA = Number of Gallons of Apple Juice Used in Tropical Breeze TG = Number of Gallons of Guava Juice Used in Tropical Breeze TP = Number of Gallons of Papaya Juice Used in Tropical Breeze GA = Number of Gallons of Apple Juice Used in Guava Jive GG = Number of Gallons of Guava Juice Used in Guava Jive GP = Number of Gallons of Papaya Juice Used in Guava Jive Find each of the following: TA = TG = 608 TP = GA = GG = GP = 16 Total Revenue = (Leave off $ sign and commas) Hint: Total Revenue is between 5536 and 5646.
Following is the model for the above problem:
And below are the formulae:
The solver constraints are as follows:
Maximum revenue is : $5589