MAT 540: Quantiative Methods
Julia’s Food Booth
MAT 540: Quantiative Methods
Professor Paul Hollandsworth
February 28, 2013
Julia’s Food Booth * (A) Formulate and solve an L.P. model for this case. * Please see attached excel file. * (B) Evaluate the prospect of borrowing money before the first game. * Julia does not need to borrow money if she does not want to. She can still make over $1000 profit without it. However, She will not be able to hire help and stay above $1000. If she was to decide to borrow money, the most she should borrow is $216 as this amount plus the initial capital amount of $1500 will hit the cap on how much space she has available in her oven. Anything more than $216 she is borrowing unnecessarily and most likely paying
MAT 540: Quantiative Methods
Professor Paul Hollandsworth
February 28, 2013
Julia’s Food Booth * (A) Formulate and solve an L.P. model for this case. * Please see attached excel file. * (B) Evaluate the prospect of borrowing money before the first game. * Julia does not need to borrow money if she does not want to. She can still make over $1000 profit without it. However, She will not be able to hire help and stay above $1000. If she was to decide to borrow money, the most she should borrow is $216 as this amount plus the initial capital amount of $1500 will hit the cap on how much space she has available in her oven. Anything more than $216 she is borrowing unnecessarily and most likely paying