{"id":12479,"date":"2021-10-30T04:24:38","date_gmt":"2021-10-30T04:24:38","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/julias-food-booth-case-problem\/"},"modified":"2021-10-30T04:24:38","modified_gmt":"2021-10-30T04:24:38","slug":"julias-food-booth-case-problem","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/julias-food-booth-case-problem\/","title":{"rendered":"julia’s food booth case problem"},"content":{"rendered":"
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\u00a0<\/span><\/span><\/strong><\/p>\n

Julia\u2019s Food Booth Case Problem<\/span><\/span><\/strong><\/p>\n

\u00a0<\/span><\/span><\/strong><\/p>\n

Julia Robertson is a senior at Tech, and she\u2019s investigating different ways to finance her final year at school.\u00a0 She is considering leasing a food booth outside the Tech stadium at home football games.\u00a0 Tech sells out every home game, and Julia knows, from attending the games herself, that everyone eats a lot of food.\u00a0 She has to pay $1,000 per game for a booth, and the booths are not very large.\u00a0 Vendors can sell either food or drinks on Tech property, but not both.\u00a0 Only the Tech athletic department concession stands can sell both inside the stadium.\u00a0 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.<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

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.\u00a0 She must prepare the food ahead of time and then store it in a warming oven.\u00a0 For $600 she can lease a warming oven for the six-game home season.\u00a0 The oven has 16 shelves, and each shelf is 3 feet by 4 feet.\u00a0 She plans to fill the oven with the three food items before the game and then again before half time.<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

Julia has negotiated with a local pizza delivery company to deliver 14-inch cheese pizzas twice each game-2 hours before the game and right after the opening kickoff.\u00a0 Each pizza will cost her $6 and will include 8 slices.\u00a0 She estimates it will cost her $0.45 for each hot dog and $0.90 for each barbecue sandwich if she makes the barbecue herself the night before.\u00a0 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.\u00a0 She plans to sell a slice of pizza and a hot dog for $1.50 apiece and a barbecue sandwich for $2.25.\u00a0 She has $1,500 in cash available to purchase and prepare the food items for the first home game, for the remaining five games she will purchase her ingredients with money she has made from the previous game.<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

Julia has talked to some students and vendors who have sold food at previous football games at Tech as well as at other universities.\u00a0 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.\u00a0 She also anticipates that she will probably sell at least twice as many hot dogs as barbecue sandwiches.\u00a0 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.<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

If Julia clears at least $1,000 in profit for each game after paying all her expenses, she believes it will be worth leasing the booth.<\/span><\/strong><\/p>\n

Instructions<\/span><\/span><\/strong><\/p>\n

Address each of the issues A-D according to the instructions given.<\/span><\/strong><\/p>\n

(A)\u00a0 <\/span><\/span><\/strong>Formulate and solve a Linear Programming Model for this case.<\/span><\/strong><\/p>\n

(B)\u00a0 <\/span><\/span><\/strong>Evaluate the prospect of borrowing money before the first game.<\/span><\/strong><\/p>\n

(C)\u00a0 <\/span><\/span><\/strong>Evaluate the prospect of paying a friend $100\/game to assist.<\/span><\/strong><\/p>\n

(D)\u00a0 <\/span><\/span><\/strong>Analyze the impact of uncertainties on the model.<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

\u00a0<\/span><\/strong><\/p>\n

\u00a0<\/p>\n

\u00a0<\/span><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Julia\u2019s Food Booth Case Problem \u00a0 Julia Robertson is a senior at Tech, and she\u2019s investigating different ways to finance her final year at school.\u00a0 She is considering leasing a food booth outside the Tech stadium at home football games.\u00a0 Tech sells out every home game, and Julia knows, from attending the games herself, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-12479","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/12479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=12479"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/12479\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=12479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=12479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=12479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}