Using simulation estimate the loss of revenue due to copier breakdown for one year, as follows: In Excel, use a suitable method for generating the number of days needed to repair the copier, when it is out of service, according to the discrete distribution shown. In Excel, use a suitable method for simulating the interval between successive breakdowns, according to the continuous distribution shown. In Excel, use a suitable method for simulating the lost revenue for each day the copier is out of service.
She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game, and Julia knows, from attending the games herself, that everyone eats a lot of food. Vendors can sell either food or drinks on Tech property, but not both.
Only the Tech athletic department concession stands can sell both inside the stadium.
She thinks slices of cheese pizza, hot dogs, and barbecue sandwiches are the most popular food items among fans and so these are the items she would sell. Most food items are sold during the hour before the game starts and during half time; thus it will not be possible for Julia to prepare the food while she is selling it.
She must prepare the food ahead of time and then store it in a warming oven. The oven has 16 shelves, and each shelf is 3 feet by 4 feet. She plans to fill the oven with the three food items before the game and then again before half time.
Julia has negotiated with a local pizza delivery company to deliver inch cheese pizzas twice each game — 2 hours before the game and right after the opening kickoff. She measured a hot dog and found it takes up about 16 square inches of space, whereas a barbecue sandwich takes up about 25 square inches.
Julia has talked to some students and vendors who have sold food at previous football games at Tech as well as at other universities.
From this she has discovered that she can expect to sell at least as many slices of pizza as hot dogs and barbecue sandwiches combined.
She also anticipates that she will probably sell at least twice as many hot dogs as barbecue sandwiches. She believes that she will sell everything she can stock and develop a customer base for the season if she follows these general guidelines for demand.
Address each of the issues A- D according the instructions given. If so how much should she borrow and how much additional profit would she make? What factors constrains her from borrowing even more money than this amount indicated in your answer to the previous question B Evaluate the prospect of borrowing money before the first game.
D Analyze the impact of uncertainties on the model. Formulate a linear programming model for Julia that will help you to advise her if she should lease the booth. Formulate the model for the first home game. Explain how you derived the profit function and constraints and show any calculations that allow you to arrive at those equations.
If Julia were to borrow some money from a friend before the first game to purchase more ingredients, she feels she can increase her profits. What amount, if any, would you recommend to Julia to borrow?Complete the “Julia’s Food Booth” case problem on page of the text.
|Assignment 3 Case Julia S Food Booth||Linear Programming Case Study Your writeup should introduce your solution to the project by describing the problem.|
|Julia’s Food Booth Essay Sample||Select an even-numbered LP problem from the text, excluding 14, 20, 22, 36 which are part of your homework assignment.|
|SOLUTION: MAT Week 8||US Education vs European Education Analyzing from the world university rankings compiled by the time's organization, almost half of the best universities in the world are located in the US and Europe. This is mostly due to the fact that they have a high regard for education, have access to the best research facilities and have rich intellectual culture.|
|Julia's Food Booth | Essay Example||Linear Programming Case Study:|
Address each of the issues A – D according the instructions given. (A) Formulate and solve an L.P. model for this case. (B) Evaluate the prospect of borrowing money before the first game. (C) Evaluate the prospect of paying a friend $/game to assist.
Assignment Help >> Business Management. Assignment: Case Problem Julia's Food Booth. A: Formulation of the LP Model. Your writeup should introduce . Case 3 - Julia's Food Booth Food items: Pizza Hot Dogs Barbecue Profit per item: Budget ($) Oven space (sq. in.) Demand Pizza= Hot Dogs= Barbecue= slices hot dogs sandwiches Demand Usage Oven space (sq.
in.) Usage Budget ($) Usage Page Page Page Page Page Page Page Page Page Page Page Page Page Page Page Page LP Case Study – Julia’s Food Booth Problem Statement Julia is a senior at Tech, and she’s investigating different ways to finance her final year at school.
The impact of uncertainties such as weather (to sunny, rainy, or cold), competition, increase in food cost, and the attendance at each of the six games could reduce the demand for the items sold by Julia. Assignment #1: Case Problem "Julia's Food Booth" Complete the "Julia's Food Booth" case problem on page of the text.
Address each of the issues A - D according the instructions given.