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

Usefulness of correlation - correlation regression analysis, Usefulness of ...

Usefulness of Correlation 1.Correlation  is very  useful  to economists  to study  the relationship  between  variables  like  price  and quantity  demanded. To businessmen it

the simplex method, In large sized linear programming problems, the ...

In large sized linear programming problems, the solution cannot be obtained by the graphical method and hence a more systematic method has to be developed to find

#, Six Operators are to be assigned to five jobs with the cost of assignmen...

Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment

Characteristics of scientific research, Horton and hunt have given follow...

Horton and hunt have given followings nine characteristics of scientific method: 1. Verifiable evidence i e, factual observations which other observers can see and check

Linear programming problem, A paper mill products two grade of paper viz., ...

A paper mill products two grade of paper viz., X & Y. Because of raw material restriction, it cannot produce more than 400 tons of grade X paper & 300 tons of grade Y paper in a we

Some guidelines for bibliography entries , Some Guidelines  for Bibliograp...

Some Guidelines  for Bibliography Entries 1. Reference of a Back  by One Authors : Mention authors  name book title ( in italics hence  to be  underlined) city  publication

Standara deviation - measure of dispersion , STANDARA DEVIATION Standa...

STANDARA DEVIATION Standard  deviation  is the  square  root of the  arithmetic  average of  squares of all  the deviations from the  mean. In short  it may  be defined  as th

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