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

Demerits - correlation regression analysis, Demerits a.It cannot  be ...

Demerits a.It cannot  be used in  the case  of  bi variate distribution. b.If the  numbers  of items  are greater than say  30, the calculation becomes  tedious  and  requ

Duality, For every LP formulation there exists another unique linear ...

For every LP formulation there exists another unique linear programming formulation called the 'Dual' (the original formulation is called the 'Primal'). Same data

Scattered responsibility and authority, Scattered Responsibility and Autho...

Scattered Responsibility and Authority: In a big industry responsibility and authority of decisions making is scattered throughout the organization and thus the organization.

Sources of hypothesis - hypothesis testing, Sources of Hypothesis Hyp...

Sources of Hypothesis Hypothesis  may be developed from  various  sources. Some  of the important  sources are  the  followings: 1. A Hypothesis  Arises from  Intuition

Lpp linear programming problems exercise, Exercise Define the t...

Exercise Define the terms used in LPP. Mention the advantages of LPP. What are the assumptions and limitations of LPP? A firm produces three pro

Information resources, INFORMATION RESOURCES: Information resources ar...

INFORMATION RESOURCES: Information resources are of two kinds, namely, Documentary and Non-Documentary Sources. Documentary Sources: A document embodies thought. I

Meaning of a research report, Problem The important task ahead of the r...

Problem The important task ahead of the researcher is to document the entire work done in the form of a well-structured research report. Describe in brief the components of a R

Deviation taken from assumed mean, Deviation Taken from Assumed Mean ...

Deviation Taken from Assumed Mean This methods  is assorted  when the  arithmetic  average  is a  fractional value. Taking  deviation from  fractional value would  be a ver

M/M/s queue, How do I use C# to program an M/M/s queue model?

How do I use C# to program an M/M/s queue model?

OR, Models in OR

Models in OR

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