Assignment 3: Julia Bond Booth
Julia is a senior at Tech, and a small entrepreneur. She wants to lease a food booth outside the Tech stadium for the home football games, so she can make profit to finance a final year. Tech sells out every home game, and the one thing Julia knows from attending the every games, is that everyone eats a lot of food. She has a booth, and the booths are not very large. 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. Then, she had a great idea, 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.

(A)Formulate and solve an L.P. Model for this case.
X1= the number of slices of Pizza; X2 = the number of Hot Dogs; X3 = the number of Sandwiches **The Objective is to Maximize Total Profit. Profit is calculated for each variable by subtracting cost from the selling price** For Pizza Slice, Cost/Slice= $6/8 = $0.75

For Hot Dog = $1.50 – 0.45 = $1.05
For Sandwiches = $2.25 – 0.90 = $1.35
**Maximize**
Z = $0.75(x1) + $1.05(x2) + $1.35(x3)
$0.75(x1) + $0.45(x2) + $0.90(x3) = 2.1
x1,x2,x3 >= 0
**Constraints**
$0.75(x1) + $0.45(x2) + $0.90(x3) =0 (At least twice as many Hot Dogs as BBQ.) x1, x2, x3 >0 (non-negativity constraint) |

...MAT540 Quantitative Analysis Quiz 3
TRUE/FALSE – clearly indicate your response.
1. Sensitivity analysis is the analysis of the effect of parameter changes on
the optimal solution. T .
2. The sensitivity range for an objective function coefficient is the range of
values over which the current optimal solution (product mix) will remain
optimal. T .
3. The sensitivity range for a right-hand-side...

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needs to be implemented by the school as well as
coursework assignments.
The school authority is responsible to make copies of
Part 2: Student’s Manual For Mathematics (T)
Coursework of this manual to be given to the
students.
Student are required to complete the coursework
which comprises three assignments in the respective
terms.
IMPLEMENTATION
Students must carry out each assignment
individually. Plagiarism will...

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42
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Toby Abbott
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D. ANALYSING THE DATA:
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Case Assignment3
Professor Erickson
Liberty University
BUSI 600- B02
September 7, 2014
Case Assignment3: Surveys
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...Julia’s Food Booth
Based on the LP model to maximize profit with the established constraints Julia should sell pizza and hotdogs and not BBQ sandwiches. Based on this model Julia will earn $2250.00 in profit. After buying food supplies for the next game she will have $750 remaining ($2250-1500). Julia’s goal was to clear $1000 in profit which she was not able to meet. It is not clear how Julia is paying for the booth rental each game, but assuming she is covering the costs with her...

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Imagine you are an eighteen year old who has just finished school and would like to purchase your first car. Select the make and model of a second hand car which is less than six years old, that you would like to own. (Be reasonable!)
You can obtain car prices from a website such as:
*...