Reference no: EM133005795

Quantitative Analysis

Question 1. A pharmacy has determined that a healthy person should receive 70 units of proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries the six types of health food with their ingredients as shown in the table below, what blend of foods satisfies the requirements at minimum cost to the pharmacy?

Foods	Protein units	Carbohydrates units	Fat units	Cost per unit
A	20	50	4	2
B	30	30	9	3
C	40	20	11	5
D	40	25	10	6
E	45	50	9	8
F	30	20	10	8

Question 2. A pharmacy has determined that a healthy person should receive 70 units of proteins, 100 units of carbohydrates and 20 units of fat daily. If the store carries the six types of health food with their ingredients as shown in the table below, what blend of foods satisfies the requirements at minimum cost to the pharmacy? Make a mathematical model for the given problem.

Foods	Protein units	Carbohydrates units	Fat units	Cost per unit
A	20	50	4	2
B	30	30	9	3
C	40	20	11	5
D	40	25	10	6
E	45	50	9	8
F	30	20	10	8

Question 3. A firm manufactures two products; the net profit on product 1 is Rupees 3 per unit and Rupees 5 per unit on product 2. The manufacturing process is such that each product has to be processed in two departments D1 and D2. Each unit of product1 requires processing for 1 minute at D1 and 3 minutes at D2; each unit of product 2 requires processing for 2 minutes at D1 and 2 minutes at D2. Machine time available per day is 860 minutes at D1 and 1200 minutes at D2. How much of product 1 and 2 should be produced every day so that total profit is maximum. Make the mathematical model for the given problem.

Question 4. Discuss few areas for application of quantitative analysis in your organization or organization you are familiar with for decision making.

Question 5. Take the data of the output of your organisation summarise them with some tool (like bar chart, pie chart, etc.) and discuss the result. Give your opinion to improve the results in the future.