Saturday, May 18, 2019
Mat 540 Assignment 3
Julias Food Booth base 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 go forth earn $2250. 00 in profit. After buying food supplies for the next second she will have $750 remaining ($2250-1500). Julias goal was to clear $1000 in profit which she was not fitting to meet. It is not clear how Julia is paying for the booth rental each game, but assuming she is covering the be with her profits from the prior game she will need $1000 for the booth + $1500 for food which equals $2500 she needs to fabricate each game just to cover her expenses.The idea of Julia borrowing money would not be infallible because what is limiting her profit is the limited space she has in the oven. In the model all of the oven space is existence utilized by Pizza and Hotdogs. If she borrowed money she wouldnt have enough room to stock more than food. She would have to borrow enough money to rent ano ther oven, if there was enough space in the booth, and enough money to buy additional supplies.In addition, assuming that my calculations are correct paying a relay link to help her does not seem like a good idea as it would further hurt into any profit and increase costs. There are many uncertainties that can sham Julias profit. The fountain states that Julia anticipates selling all of her food but not selling out will adversely affect her already strained profit margin. Fluctuations in the cost of the food could also change the profit. A game that doesnt sell out could also reduce the number of customers Julia has on any given day.
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