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Exercise
Machine
Time per unit (mins)
Machine capacity
Min /day
Product 1
Product 2
Product 3
M1
2
3
440
M2
4
-
470
M3
5
430
It is required to determine the daily number of units to be manufactured for each product. The profit per unit for product 1, 2 and 3 is Rs. 4, Rs. 3 and Rs. 6 respectively. It is assumed that all the amounts produced are consumed in the market. Formulate the mathematical model for the model.
minimization
Select five Operations Research techniques and describe in detail the real world application of such techniques in business decision making.
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a paper mill prodecs 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 in
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