Premium Essay

Julia Case Problem

In: Business and Management

Submitted By shbogan
Words 1083
Pages 5
Assignment #3: Case Problem "Julia's Food Booth"

Complete the "Julia's Food Booth" case problem on page 109 of the text. Address each of the issues A - D according the instructions given. (A) Formulate and solve an L.P. model for this case.
There are three products or variables in this problem that we must consider for purchase.

X1 = number of pizza slices Julia should purchase
X2 = number of hotdogs Julia should purchase
X3 = number of barbecue sandwiches Julia should purchase. The reason why Julia is having a booth is to make some money. She wants to maximize her profit that she can get from selling the hotdogs, pizza, and barbeque sandwiches.
The first thing to do is find the profit that Julia will make per Item. To find that per Item price, the cost of the Item will be subtracted from the selling price. Pizza: Julia can buy a pizza that contains 8 slices for 6$. That means each slice of pizza will cost her $0.75. She plans to sell each piece for 1.50.
$1.50-$0.75= $0.75 profit Hot dog:
$1.50 - $0.45 = $1.05 profit Barbecue Sandwiches:
$2.25 - $0.90 = $1.35 profit The objective function can now be written since we have found the potential profit of each food item. The objective of this function is to maximize Z(profit).
Z= $0.75x1 + $1.05x2 + $1.35X3 The Budget is one thing that has to be taken into consideration. Julia has $1,500 on hand to purchase and prepare food for the first home game. A constraint must be formed for the budget. Since the cost of each item and money available is know. It is easy to form the budget constraint. This shows the total cost to purchase each item $0.75X1 + $0.45X2 + $0.90X3.
Since the idea is to remain within the $1,500 budget this is the Budget Constraint:
Budget Constraint $0.75X1 + $0.45X2 + $0.90X3 ≤ 1500 Space is the next constraint that must be…...

Similar Documents

Free Essay

Jet Copies Case Problem

...JET Copies Case Problem Assignment #1 MAT540, Strayer University Assignment#1: JET Copies Case Problem According to the discrete distrubution, the number of days (y) needed to repair the copier is as follows (where “R2” is a random value in the excel sheet between and 0 and 1): 0 < R2 < .2, then it takes 1 day .2 < R2 < .65, then it takes 2 days .65 < R2 < .9, then it takes 3 days .9 < R2 < 1, then it takes 4 days James estimated that the time between break-downs was probably between 0 and 6 weeks, with the probability increasing the longer the copier went without breaking down. For simulating the interval between successive breakdowns: f(x) = x/18, 0 ≤ x ≤ 6 weeks where x= weeks between break-downs f(x) = x²/36, 0 ≤ x ≤ 6 weeks where x= weeks between break-downs f(x) = random number1 (R1) = x²/36 x = 6*sqrt(R1) 3. For simulating the lost revenue every day that the copier is out of service, select a random number (R3) between 2000 and 8000, since it is estimated that they would see between 2000 and 8000 copies a day. They will charge $0.10 per copy. Therefore, the lost revenue for each day the copier is out of service is equal to R3*.1*repair time. The amound of revunue lost is approxiamtely $12,934.80. Please see the attached excel sheet. In order to estimate the revenue lost for the one year of operations the simulation has been performed. The estimates indicated that the copies sales were between 2000 to 8000......

Words: 522 - Pages: 3

Premium Essay

Case Problem “Julia’s Food Booth”

...Assignment #3: Case Problem “Julia’s Food Booth” La-Tia Jackson MAT 540 Dr. Albert Yin May 26, 2013 1. Formulate and solve an L.P. model for this case. There are three products or variables in this problem that we must consider for purchase. X1 = number of pizza slices Julia should purchase X2 = number of hotdogs Julia should purchase X3 = number of barbecue sandwiches Julia should purchase. Julia decided to have a food booth in order to make some money. Her goal is to maximize the profit that she can get from selling the hotdogs, pizza, and barbeque sandwiches that she plans on selling. The first thing to do is find the profit that Julia will make per Item. To find that per Item price, the cost of the item will be subtracted from the selling price. Pizza: Julia can buy a pizza that contains 8 slices for $6. That means each slice of pizza will cost her $0.75. She plans to sell each piece for 1.50. $1.50-$0.75= $0.75 profit Hot dog: $1.50 - $0.45 = $1.05 profit Barbecue Sandwiches: $2.25 - $0.90 = $1.35 profit The objective function can now be written since we have found the potential profit of each food item. The objective of this function is to maximize Z (profit). Z= $0.75x1 + $1.05x2 + $1.35X3 Budget is the one thing that has to be taken into consideration. Julia has $1,500 on hand to purchase and prepare food for the first home game. A constraint must be formed for the budget. Cost of each item and money available is what is known, so it is easy to form......

Words: 1376 - Pages: 6

Premium Essay

Course Problem Solving Case

...Course Problem Solving Case (Hank Kolb, p. 160 – 161) Following are the instructions you are to use in analyzing the Hank Kolb case. During Class 5, you and your class members analyzed the direct causes of the quality problems on the Greasex line. You used the fishbone diagram to display your analysis. In the next paragraph you are now asked to analyze this case from a larger perspective. You are Hank Kolb and you realize that the quality problems with the Greasex line is a symptom of a larger quality management issue for the organization. You have formed a problem solving team within the organization to analyze this larger problem and make recommendations on how to improve the quality management system with in the organization. Describe how your team will analyze this problem and make recommendations for improvement. 1. Write a problem statement that identifies the improvement objectives. 2. Describe the data and information collection tools that you will use to analyze this problem. Be specific. For the data you would collect, design the data form(s). You may also identify data that may be within the organization data bases that you would analyze. 3. You will also be given some data to supplement this case (since you cannot actually collect the data) to analyze. You are to show how you would use one or more analysis methods to analyze this data. 4. Establish design criteria that you will use to evaluate alternatives that your team may develop...

Words: 439 - Pages: 2

Premium Essay

Problem Cases 13 and 11

...PROBLEM CASE 13: CHAPTER 5, PROBLEM CASE 11 CHAPTER 6 Julius R. Reed Grand Canyon University: Business 240: Ethical and Legal Issues in Business May 13, 2014 Chapter 5 – Problems and Problem Cases: Problem 13 Garelli Wong & Associates, Inc (GW) filed suit against Williams Nichols who was a former employer of their firm. GW claims that Nichols used confidential information that was in a database that the firm maintained. GW contended that Nichols was in breach of contract and referenced the Consumer Fraud and Abuse Act (CFAA). Based on their claims, the court will rule in favor of Nichols and dismiss the plaintiff’s case. The plaintiff failed to state a claim upon which relief could be granted. Specifically, Nichols did not meet any of the requirements outlined in the CFAA. Nichols did not transmit information or cause damage without authorization to a protected computer. Nichols was a former employee of CW: therefore he had authorization to the computer with the database. Nichols did not intentionally access the computer without authorization, or cause any type of loss to CW. Nichols was right to request dismissal of the plaintiff’s claim. Based on their claim, no relief would be granted. Nichols did not impair the integrity or availability of the information in the database. Any firm will risk the chance of a former employee leaking information to a new employee. CW should have been more specific in their contract for employee’s who had access to confidential......

Words: 406 - Pages: 2

Premium Essay

Case Problems

...Commerce Clause and also the Fifth Amendment. The district court upheld the law and the Recyclers appealed. What do you think the outcome of this case was and why? Tennessee Scrap Recyclers Association v. Bredesen, 556 F.3d 442 (6th Cir. 2009). 5-17 Aurora, Colorado, passed an ordinance banning pit bulls and other selected breeds of dogs from being inside the city limits. The American Canine Foundation, an organization aimed at improving the canine industry, sued to have the ordinance struck down as unconstitutional. The Foundation argued that the ordinance infringed on their constitutional rights, in violation of the Fifth and Fourteenth Amendments. Specifically, they argued the law resulted in an uncompensated taking and violated the Due Process and Equal Protection Clauses. Explain why the ordinance is or is not constitutional. American Canine Foundation v. City of Aurora, Colorado, 618 F.Supp.2d 1271; 2009 WL 1370893 (D. Colo. 2009). 19-13 The Public Citizen Health Research Group brought the OSHA to court when the group argued that chromium regulations established by the OSHA were too hard for some companies to maintain. First, chromium is a metal and can be most dangerous in its Cr(VI) form. In many types of work, there is exposure to this form of chromium as dust or fumes. Long term, the exposure can lead to lung cancer. Other problems related to exposure include asthma and nasal or skin irritation. Therefore, the OSHA determined that exposures to Cr(VI) must not......

Words: 699 - Pages: 3

Premium Essay

Case Problem

...Case Problem 01 Motion Picture Industry In partial fulfillment of the course requirements in CPROBS1 Submitted by: Group 2 ESPINO LIM RODRIGUEZ SIM TONGCO YU January 29, 2015 MOTION PICTURE INDUSTRY The motion picture industry is a competitive business. More than 50 studios produce a total of 300 to 400 new motion pictures each year, and the financial success of each motion picture varies considerably. The opening weekend gross sales ($millions), the total gross sales ($millions), the number of theaters the movie was shown in, and the number of weeks the motion picture was in the top 60 for gross sales are common variables used to measure the success of a motion picture. Data collected for a sample of 100 motion pictures produced in 2005 are contained in the file named Movies. Table 1 shows the data for the first 10 motion pictures in this file. TABLE 1 | PERFORMANCE DATA FOR 10 MOTION PICURES | |   |   |   |   |   | Motion Pictures | Opening Weekend Gross Sales ($millions) | Total Gross Sales ($millions) | Number of Theaters | Weeks in Top 60 | | | | | | | | | | | Coach Carter | 29.17 | 67.25 | 2574 | 16 | Ladies in Lavender | 0.15 | 6.65 | 119 | 22 | Batman Begins | 48.75 | 205.28 | 3858 | 18 | Unleashed | 10.9 | 24.47 | 1962 | 8 | Pretty Persuasion | 0.06 | 0.23 | 24 | 4 | Fever Pitch | 12.4 | 42.01 | 3275 | 14 | Harry Potter and the Goblet of Fire | 102.69 | 287.18 | 3858 | 13 | | | | | | Monster in......

Words: 895 - Pages: 4

Premium Essay

Problem Case

...Side effects of watching Scary movies In this problem it is proven fact that people love to be scared by horror movies. Some of the most horrified faces are portrayed in the best horror films of Hollywood, which are much liked by people. They simply love to watch the repulsive aliens and the blood dripping down the horrifying face. According to Lifestyle Lounge, the long lasting effects of watching scary movies includes anxiety, sleepiness, fear, and phobias.  And the effects of watching scary movies are 1. Anxiety is a visible effect of horror movies on both children and adults. It is characterized as a long-term effect on children, which may even linger into their adulthood. 2. Sleeplessness an immediate psychological effect of scary movies on the minds of people is lack of sleep. The person may be unable to sleep through the night for few days, even months after watching the movie. He/she may need to use a nightlight while sleeping. The thoughts of the horrifying characters of the horror movie and the situations may haunt him/her, leading to sleepless nights. This condition last for a week to even a year. People tend to develop Insomnia and nightmares; though insomnia might be harmless, repeated occurrence of nightmares might lead to chronic insomnia which in turn affects the mental and physical health. 3. Fear the hangover of horror movie is largely characterized by a fear. The person may become afraid of the darkness, or......

Words: 722 - Pages: 3

Premium Essay


...JULIA GOVE 2010 Shadow Grove Way * San Diego, CA 92024 * (760)703-2773 * OBJECTIVE To find a career in which my leadership, persuasion, and communication skills can be creatively challenged. SUMMARY Excellent organizational, interpersonal communication, and problem resolution skills Creative thinker with an ability to size up a situation and bring new ideas to the table Developed and managed marketing departments operational strategy for maximizing lead conversion accomplishing monthly sales quota constantly Quality assurance supervisor and team lead of marketing and customer service department Provided long-term vision and strategic planning of online marketing campaigns Created several successful outbound campaigns by conducting market analysis to determine status of leads within CRM database Prepared sales and marketing staff when rolling out new marketing campaigns Provided supervision, organization, and ROI during and after campaigns were launched and active RELEVANT EXPERIENCE The Foundation for Animal Care and Education May 2011 -to Current Development and Fundraising ● Solicit and oversee major gifts, value-added partnerships, manage events staff and develop strategic fundraising and cultivation events for board members, major donors and contributors. ● Identified and initiated business development strategies and technology vehicles instrumental in developing ● Corporate partnerships and volunteer incentives. ● Created and produced high-impact......

Words: 604 - Pages: 3

Premium Essay

Case Study - Joe's Problem

...Case Study: What is Joe’s Problem? Lisa A. Jones Introduction This case study describes the problems resulting from the promotion of Joe Doss at Ajax. Joe had an outstanding technical mind. He enjoyed doing research and working alone in his lab. Recognized as an outstanding contributor to the company, he received a promotion to head of a new research team. Problems immediately ensued, administrative details went unattended, and team members found it difficult to talk to Joe. He was preoccupied with technical problems. Organizational Level Problems The organization promoted Joe based on his technical skills, without taking into consideration Joe’s individual personality or evaluating his ability to lead the new research team. By promoting an individual prior to evaluating his leadership capabilities, the organization created a situation in which job dissatisfaction occurred among team-members and the team leader, Joe. This also created unnecessary stressors for all involved. Due to immediate conflicts among the team members, there was no cohesiveness within the team. This created an internal struggle for the team and the beginnings of an individualistic culture, where team members did not regard the importance of teamwork. The administrative model for decision makers in this case included limited knowledge of the employee in question and of his abilities to lead a team effectively. Supervisory Level Problems Joe’s......

Words: 903 - Pages: 4

Premium Essay

Leadership Case Problem

...Week 5 Case Assignment Read Ch. 7's Leadership Case Problem A - "Ray, The Empowered Athletic Club Director" pp. 242-243.  Analyze Questions 1-3. 1. How effective is Larry’s approach to empowering Ray to boost enrollment? I would say that Larry’s approach to empowering Ray to boost enrollment wasn’t effect at all. Larry told Ray, “Ray you are empowered as the manager to boost enrollment working within your advertising budget. Boosting enrollment is your responsibility, not mine….” With that being said I would say that isn’t much of an empowerment speech or boost. He should have given him some ideas of how to get more people in because it was clear that Ray was doing everything to try. There isn’t much Larry can do to empower him to boost enrollment, with Ray already putting out flyers, advertising on social media, as well as advertising word-of-mouth. Like Ray said they are competing with all of the other fitness clubs around the town so will be hard to get more people to join Modern Fitness. 2. Which political tactic or tactics do you recommend Ray to use to deal effectively with his empowering boss? I would recommend a few political tactics for Ray to use to deal effectively with his empowering boss. One would be changing the sales pitch, this is what draws in the gym members. His boss wants the number of gym enrollment to increase and this could help. With a great sales pitch it could have people come in to see what the gym has to offer. Secondly, get......

Words: 1014 - Pages: 5

Premium Essay

Case Problem” Julia’s Food Booth”

...Case Problem” Julia’s Food Booth” Julia’s objective is to maximize total profit; the total profit is the summary of the individual profits gained from each pizza slice, hot dog, and barbeque sandwich. I am going to estimate the profit for each item as difference between total revenue and total cost of the item. Total revenue Total cost Profit Pizza slice $1.50 $6/8 slices = $0.75 $0.75 Hot dog $1.50 $0.45 $1.05 Barbeque sandwich $2.25 $0.90 $1.35 x1 - number of pizza slices x2 - number of hot dogs x3 - number of barbeque sandwiches The profit function: maximize Z = $0.75* x1 + $1.05 * x2 + $1.35 * x3 There Z = total profit per game. The oven size constraint is formulated as 16 shelves 3*4 feet each which will be filled twice for each game, so the maximum possible size of the stove is: (((12*3)*(12*4))*16)*2 = 55,296 square inches. Estimate for each item in regards to the space: Pizza slice (14*14)/8 = 24.5 square inches (keeping in mind that she will keep whole pizza warm) Hot dog ...

Words: 941 - Pages: 4

Free Essay

Problems and Goals Case Study

...Problems and Goals Case Study Jessica Grimes BSHS 395 March 14, 2016 University of Phoenix Problems and Goals Case Study Case Alicia and Montford The case study of Alicia and Montford contained numerous problems that included living in a homeless shelter with their parents for the past six months which is coming to an end, poor performance in school, and lack of social skills and test scores. The homeless shelter seems to have a six month policy on how long families can stay, which seems to be an issue. The goal is to have the family relocated into another facility before the month is up and try to stay in the same school district. Alicia and Montford both have low performance in school, meaning they do not do their homework nor classwork and cannot read on grade level. A goal for this problem is to have both children reading at the appropriate grade level and show them the importance of school work. Another issue that seems to coincide with this problem is low test scores. Ultimately, once reading has been accomplished these scores will continue to rise. Montford is very combative and reluctant towards teachers and classmates, while Alicia is quiet and unresponsive. Both Alicia and Montford need to achieve higher social skills and the ability to communicate their feelings in a more positive manner. Services, Resources and Support Focusing on the children’s behavior, I would recommend some sort of therapy for the both of them. It seems they have underlying......

Words: 527 - Pages: 3

Premium Essay

Jet Copies Case Problem strength matrix. They are explained as below. The Boston matrix table Marketgrowth | high | Question mark | Stars | | low | Dogs | Cash cows | | | low | high | Market Share | * Dogs- Low Market Share / Low Market Growth In these areas, your market presence and growth is weak, best strategy is to divest or to liquidate. * Cash Cows- High Market Share / Low Market Growth In this segment the organization is well-established, so it is easier to get attention and exploit new opportunities. Best strategies are joint ventures and strategic alliances. * Stars- High Market Share / High Market Growth In this case, the business is well-established. There are strong opportunities, and hard work can realize them. Best strategies are for investment, growth and expansion. * Question Marks- Low Market Share / High Market Growth There are uncertain opportunities. They are not generating much due to low market share but they are in high growth markets so they have potential. GE / McKinsey Matrix   | Business Unit Strength | |     High     |  Medium  |     Low     | | | High |  Invest/growth |  Selectivegrowth |  selectivity | | Medium |   Selectivegrowth |  selectivity |  Harvest/divest | | Low |  selectivity |  Harvest/divest |  Harvest/divest | The GE/McKinsey table The GE / McKinsey maps strengths of SBU on a......

Words: 1473 - Pages: 6

Premium Essay

Case Study of the Economic Problem

...Case study of the Economic Problem The basic economic problem Economists distinguish between wants and needs; needs are those things which people require to survive. These comprise food, water and protection from the elements in the form of shelter and clothing. Nestlé products fall into two of these categories (food and water). However they can only be described as wants because it is possible to survive without consuming any Nestlé products at all. All resources are considered scarce because the wants for them (the demand) outstrip the various uses for them (the supply). This means that they have to be shared out (distributed) by a mechanism such as price. There are numerous ways in which a resource may be used, an opportunity cost is therefore created whenever one use is preferred over another. If water is used for industrial production, it is not available for agriculture or domestic consumption. Water is a classic example of the distribution problem of scarce resources. There is actually enough water in the world for everyone's needs, and it is not a resource that is ever 'used up' in the way that other resources can be consumed. The amount of water in the earth's water cycle - evaporating from the sea, then falling as precipitation over land - is constant, the problem is one of distribution - it is not always located where it is needed. Read more:......

Words: 6384 - Pages: 26

Premium Essay

Jet Copies Case Problem

...Assignment #1: JET Copies Case Problem For the first component of the case, I was asked to find the number of days needed to repair the copier. To begin, I used the RAND() function in Excel to produce random values for column B9:B22. Once the RAND() function produced values, I copied and pasted just the values in column B9:B22 (to ensure the values would stay frozen and not continue to change). Once I had the random probabilities, I used the table given with the case (entered in cells A1:C6) to find the number of days need to repair. To find this information I used Excel function VLOOKUP, which matched the random probability to the cumulative probability column and whichever column the random fit into, Excel used the corresponding repair time (days) from column C. The VLOOKUP function was used and the information was entered into cells C9:C22, giving the information of number of days needed to repair the copier. The second component, we were asked to find the interval between successive breakdowns. To solve for the time between breakdowns, I used the maximum number of 6 weeks. In cell D9, I used formula 6*SQRT(B9) to find the time between breakdowns in weeks. I copied and pasted this formula into cells D10:D22. Since the problem only wanted to find the cost of breakdowns over a year, I also included a cumulative breakdown time. In this column, cell E9 equals cell D9, cell E10 equals D9+D10, cell E11 equals E10+D11, and so on for cells E12:E22. The third......

Words: 546 - Pages: 3