QUANTITATIVE ANALYSIS, Operation Research

Assignment Help:
Ask queA manufacturing firm has discontinued production of a certain unprofitable product
line. This created considerable excess production capacity. Management is considering to
devote this excess capacity to one or more of three product 1,2 and 3. The available capacity
on the machines which might limit output are given below:
Machine type Available time
(in machine hours per week)
Milling
machine
250
Lathe 150
Grinder 50
The number of machine hours required for each units of the respective product is given
below;
Machine type Productivity (in machine hours/unit)
Product 1 Product 2 Product 3
Milling 8 2 3
Lathe 4 3 0
Grinder 2 0 1
The unit profit would be 20 birr, 6 birr and 8 birr for products 1,2 and 3. Find how much of
each product the firm should produce in order to maximise profit ? Solve the problem by
simplex method.

stion #Minimum 100 words accepted#

Related Discussions:- QUANTITATIVE ANALYSIS

Distribution methods, 1: explain vogel''s approximation method? 2: explain ...

1: explain vogel''s approximation method? 2: explain optimality test?

Modi, there are 5 plants located in different cities and manufacturer a com...

there are 5 plants located in different cities and manufacturer a common produt A

Operation research, 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

Purchasing, need of detailed information about the topic

need of detailed information about the topic

Solve by simplex method, Solve by simplex method Maximize Z = 5...

Solve by simplex method Maximize Z = 5x 1 + 3x 2 Subject to 3x 1 + 5x 2 ≤ 15 5x 1 + 2x 2 ≤ 10 &         x 1 ≥ 0, x 2  ≥ 0 [Ans. Max Z = 235/19

Model, disadvantages of model in operational research

disadvantages of model in operational research

Applications of statistics in management, In a business, statis...

In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research

Service distribution of the machines in a bank, ABC Bank faces a decision t...

ABC Bank faces a decision to hire two clerks or lease two automatic teller machines. Service rates of clerk 1 and clerk 2 are 41 customers per hour and 36 customers per hour respec

Methodology of operation research, The systematic methodology developed f...

The systematic methodology developed for an operation research study with problems involving conflicting multiple objective policies and alternatives. Operation research in

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