Operations research word problem help appreciated

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SUMMARY

The discussion revolves around an operations research problem involving the optimization of ingredient quantities for a potion that increases IQ by 15 points. The ingredients are labeled A, B, C, and D, with decision variables xA, xB, xC, and xD representing their respective amounts. A key factor is the recent price reduction of ingredient xA to 1 dollar, prompting inquiries about its impact on the optimal cost and quantities of the potion. Participants emphasize the need to compute the total cost based on known unit costs and amounts used.

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  • Understanding of linear programming concepts
  • Familiarity with decision variables in optimization problems
  • Knowledge of cost analysis in operations research
  • Basic skills in formulating constraints and objective functions
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  • Research linear programming techniques for optimizing ingredient mixtures
  • Learn about sensitivity analysis in operations research
  • Explore cost minimization strategies in ingredient sourcing
  • Study the formulation of constraints in optimization problems
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Students and professionals in operations research, supply chain management, and anyone involved in optimizing resource allocation in production processes.

lauraanderson
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I was wondering if anyone would be able to help me in answering these two questions related to this problem. I'm rather stuck!

Problem - Ronald has just discovered four new ingredients for making a very potent potion that will raise his IQ by 15 points. We can only identify the ingredients as A, B, C and D, which combines several traditional ingredients. The decision variables are therefore xA; xB; xC and xD, which represents the amounts of each ingredient we use. To protect his secrets, Ronald has chosen to keep one of his constraints secret.

What is the current cost of using these ingredients?

The supplier of xA has reduced its price to 1 dollar. How would this affect the quantities of the ingredients used and what is the new optimal cost of the potion?
 

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lauraanderson said:
I was wondering if anyone would be able to help me in answering these two questions related to this problem. I'm rather stuck!

Problem - Ronald has just discovered four new ingredients for making a very potent potion that will raise his IQ by 15 points. We can only identify the ingredients as A, B, C and D, which combines several traditional ingredients. The decision variables are therefore xA; xB; xC and xD, which represents the amounts of each ingredient we use. To protect his secrets, Ronald has chosen to keep one of his constraints secret.

What is the current cost of using these ingredients?

The supplier of xA has reduced its price to 1 dollar. How would this affect the quantities of the ingredients used and what is the new optimal cost of the potion?

What have you done so far on this problem? Show your work. In particular: you know the ingredient unit costs and you know the amounts used, so what is stopping you from computing the total cost?
 

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