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

Annotated bibliography - report writing presentation , Annotated bibliograp...

Annotated bibliography   In  this  bibliography each  is followed  by a one sentence or  one  paragraph  description of the content  of the work  cited. For  example Bndypad

lp-model and markov decision problem, The supply of a certain good is insp...

The supply of a certain good is inspected periodically. If an order is placed of size x >0 (integer), the ordering costs are 8+2. x. The delivery time is zero. The demand is stoc

Operation research, Discuss the methodology of operation research

Discuss the methodology of operation research

Stratified sample size - sampling size, Stratified Sample Size The  sa...

Stratified Sample Size The  sampling  study  has depended  much on the stratified sample  to reduce  the sampling  error, samples  size may have a number of strata or  cluster

LPP, a paper mill produce two grades of paper viz., X and Y. because of raw...

a paper mill produce two grades of paper viz., X and Y. because of raw material restrictions, it cannot produce more than 400 tona of grade X and 300 tons of grade Yin a week. ther

Assignment answer, Q2.Six Operators are to be assigned to five jobs with th...

Q2.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 assignm

Probability and non probability sampling , Probability and Non  Probability...

Probability and Non  Probability Sampling The following s are some  of the  considerations for the  selection  of probability  an non  probability  sampling. 1.Sometimes p

Question, A paper mill produces two grades of paper viz., X & Y. Because of...

A paper mill produces two grades of paper viz., X & Y. Because of raw material restrictions, it cannot produce more 400 tons of grade X paper & 300 tons of grade Y paper in a week.

Closed lood, give the procedure of tracing a closed loop

give the procedure of tracing a closed loop

Lcm, one example

one example

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