Sample linear programming problems to calculate max profit, Operation Research

Assignment Help:

The following linear programming is written to plan the production of two products. And the company wants to maximize profits.

x1 = number of product 1 produced in each batch

x2 = number of product 2 produced in each batch

Max subject to"

150x1+250x2

2x1+ 5x2 <= 200

3x1 + 7x2 <= 175

X1, x2 >= 0

How much profit is earned per each unit of product 2 produced?

a.     150

b.     175

c.      200

d.     250

 Given that

  Max Z = 150 x1 + 250 x2

 Subject to

2x1 + 5x2 <= 200

3x1 + 7x2 <= 175

And x1, x2 >= 0                  

From constraints

  2x1 + 5x2 = 200..............................  (A)

3x1 + 7x2 = 175 ...................................(B)

Or

6x1 + 15x2 = 600

6x1 + 14x2 = 350

Subtracting

X2 = 250

 Put value of x2 in equation (A), we get

2x1 = 200 - 1250 = - 1050

ð X1 = -525 which is meaning less because x1 >= 0, x2>= 0

Thus x1 = 0 and x2 = 250 .

To maximize profit , company should produce 250 units of product 2.

(d) is right answer

10.   Given  that x1 unit of resources 1, and x2 unit of resources 2.

 According to the problem

4x1 + 3x2 <= 150

Thus (b) is right answer 


Related Discussions:- Sample linear programming problems to calculate max profit

Decision Analysis, make a research project for modern day companies on how...

make a research project for modern day companies on how they can make decisions using decision analysis

DECISION MODELS, CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY...

CRITICAL EXAMINATION OF THE APPLICATION OF DECISION THEORY TECHNIQUES OR MODEL IN BUSINESS DECISION MAKING IN NIGERIA

Use of the graphs, Use  of the Graphs a . It simplifies  the complexi...

Use  of the Graphs a . It simplifies  the complexities of large numbers  or that of  large mass  of data. In general  graphical  or some  other method or representation  is ad

Degree of correlation ship - correlation regression analysi, Degree of  Co...

Degree of  Correlation ship 1. Perfect Correlation: When  changes  in  two related variables are  exactly  proportional  there is  perfect correlation between  them. In case

Meaning of research report - report writing presentation, Meaning of Resear...

Meaning of Research Report Research  report is the process of communicating  the  results  of an investigation it  is a document which  reflect about  the research conducted a

Modeling process, What are the basic 5 elements of modeling process

What are the basic 5 elements of modeling process

Techniques of work measurement, Techniques  of Work  Measurement A n...

Techniques  of Work  Measurement A number of work  measurement  techniques  have been  developed  to suit  different  types of work . There are: 1. Repetitive work: The

LPP, a paper mill produce two grades of paper viz., X and Y. because of raw...

a paper mill produce two grades of paper viz., X and Y. because of raw material restrictions, it cannot produce more than 400 tona of grade X and 300 tons of grade Yin a week. ther

Operation research, Operations research is used by manager in making busine...

Operations research is used by manager in making business decisions. What are five each of its merit and demerit that the users need to be aware of?

Linear programming, A paper mill produces two grades of paper viz., X and Y...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd