To formulate the inequality based on the information provided:
- The eight-inch cake tier feeds 17 guests, so if \( x \) represents the number of eight-inch tiers, they will collectively feed \( 17x \) guests.
- The twelve-inch cake tier feeds 30 guests, so if \( y \) represents the number of twelve-inch tiers, they will collectively feed \( 30y \) guests.
- The total number of guests that need to be fed is at least 139.
Putting this all together, the inequality can be expressed as:
\[ 17x + 30y \geq 139 \]
This is the standard form of the inequality that describes the situation.