Assignment #3: Case Problem “Julia’s Food Booth”
Complete the “Julia’s Food Booth” case problem on page 109 of the text. Address each of the issues A – D according the instructions given.
- (A) Formulate and solve an L.P. model for this case.
- (B) Evaluate the prospect of borrowing money before the first game.
- (C) Evaluate the prospect of paying a friend $100/game to assist.
- (D) Analyze the impact of uncertainties on the model.