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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2019 |
Essay's paper body
So, they should not be considered for decision-making.
- For effective resource allocation, we aim to maximise profit contribution of each product, subject to the following:
o Maximise on products selling at higher profit margin and higher return (whole tomatoes 24.7 cents/lb).
o Keep to minimum the products selling with lower return (tomato juice 19...
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Appendix 1 shows our basic model. In the Solver parameters, we set to maximum the ?Total Contributions'. The variable cells are the quantity of grade A and grade B tomatoes used for each of the three products. The Constraints set are:
i) [Supply] ?Total tomatoes' are less than/equal to ?available qty'...
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