Explain briefly the term sensitivity analysis, Operation Research

Assignment Help:

Question:

(a) A company sells three different products X, Y and Z. The company makes a profit of Rs. 35, Rs. 50 and Rs. 60 per unit on products X, Y and Z respectively. The three products are produced in a common production process and are sold in three different markets. The total production process has a total capacity of 20000 man-hours. It takes two hours to produce a unit of X, three hours to produce a unit of Y and two hours to produce a unit of Z.

The market has been surveyed and it is found that the maximum units of X, Y and Z that can be sold are 12000, 8000 and 6000 respectively. Explain fully how you would formulate a linear programming model for this problem.

(b) A product mix problem can be formulated mathematically as follows:

Max Z = 100x1 + 75x2

subject to the constraints

5x1 + 10 x2 ≤ 1500
8x1 + 5x2 ≤ 1200
x1 ≤ 300 and x2 ≤ 400
x1 ≥ 0, x2 ≥ 0

Solve the above product mix problem using graphical method.

(c) Explain briefly the term ‘sensitivity analysis'.


Related Discussions:- Explain briefly the term sensitivity analysis

Operation reaserch, 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

Organization of the study, In this project the main focus is conducted inte...

In this project the main focus is conducted interview to educational experts. This interview is base on Delphi technique. This technique is used to attain experts' consensus on ele

Metholodolgy, metholodolgy of operational research

metholodolgy of operational research

Concept and need for information, CONCEPT AND NEED FOR INFORMATION: W...

CONCEPT AND NEED FOR INFORMATION: We shall look at the meaning, of information as also the meaning of other related words such as data, facts, intelligence, advice, knowledge

Op, A paper mill produces two grades of paper viz., X and Y. Because of raw...

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

Disadvantages of mean deviation - measure of dispersion, Disadvantages of ...

Disadvantages of Mean Deviation a.Mean deviation ignores  the algebraic  signs of the deviations and  such it is  not capable  of further algebraic  treatment. b.It is  no

LPP., A constraints in an LPP restricts? (Value of objective function,Value...

A constraints in an LPP restricts? (Value of objective function,Value of decision variable,Use of available resources, uncertainty of optimum value) please help me to find out righ

Liner proggraming , A paper mill products two grade of paper viz., X & Y. B...

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

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