subject
Business, 12.12.2019 01:31 6lost6soul6

Cranberries can be harvested using either a wet method or a dry method. dry-harvested cranberries can be sold at a premium, while wet harvested cranberries are used mainly for cranberry juice and bring in less revenue. fresh made cranberry cooperative must decide how much of its vranberry crop should be harvested wet and how much should be dry harvested. fresh made has 5000 barrels of cranberries that can be harvesting using either the wet or dry method. dry cranberries are sold for $32,50 per barrel and wet cranberries are sold for $17.50 per barrel. once harvested, cranberries must be processed through several operations beofre they can be sold. both wet and dry cranberries must through dechaffing and cleaning operations. the dechaffing and the cleaning operations can each be run 24 hours a day for the 6 week season (for a total of 1008 hours). each barrel of dry cranberries requires 0.18 hours in the dechaffing operation and 0.32 hours in the cleaning operation. wet cranberries require 0.04 hours in the dechaffing operation and 0.10 hours in the cleaning operation. wet cranberries must also go through a drying process. the drying process can also be operated 24 hours per day for the 6 week season, and each barrel of wet cranberries must be dried for 0.22 hours.

a. develop a linear program that fresh made can use to determine the optimal amount of cranberries to dry harvest and wet harvest.

b. solve the linear program in part (a). how many barrels should be dry harveste? how many barrels should be we harvested?

c. suppose that fresh made can increase its dechaffing capacity by using an outside firm for this operation. fresh made will still use its own dechaffing operation as much as possible, but it can purchase additional capacity from this outside firm for $500 per hour. should fresh made purchase additional dechaffing capacity? why or why not?

d. interpret the shadow price for the constraint corresponding to the cleaning operation. how would you explain the meaning of this shadow price to management?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 11:10
Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?
Answers: 3
question
Business, 22.06.2019 19:30
The usa today reports that the average expenditure on valentine's day is $100.89. do male and female consumers differ in the amounts they spend? the average expenditure in a sample survey of 47 male consumers was $135.67, and the average expenditure in a sample survey of 38 female consumers was $68.64. based on past surveys, the standard deviation for male consumers is assumed to be $34, and the standard deviation for female consumers is assumed to be $17.
Answers: 1
question
Business, 22.06.2019 20:10
Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)
Answers: 1
question
Business, 22.06.2019 21:00
After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.
Answers: 3
You know the right answer?
Cranberries can be harvested using either a wet method or a dry method. dry-harvested cranberries ca...
Questions