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

Validity of the model - operation research model, Deriving the Solution fro...

Deriving the Solution from the Model: This phase is devoted to the computation of those value of decision variables that maximize or minimize the objective function. Such

Paired sample sign test - hypothesis testing , Paired sample  sign Test ...

Paired sample  sign Test Paired samples  sign test is applied  to a situation where two sample  are taken from  two population which  have continuous symmetrical distributi

Trade literature - classification of documents, Trade Literature: Trad...

Trade Literature: Trade literature consists of documents that give information on the processes and materials involved in the manufacture of a product, various types of produc

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

Steps involved in linear programming problem formulation, Question A - Line...

Question A - Linear Programming is most widely used technique for large number of applications in business industry as well as in various other fields. Describe in brief the steps

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

Research and evaluation, - Please research and discuss this activity. (plea...

- Please research and discuss this activity. (please cite all of the websites) - Prepare a memo on the research and evaluation. What does research and evaluation mean? Ele

Management Applications of Operation Research, Some areas of applications a...

Some areas of applications are Purchasing, Procurement and Exploration Quantities and timing of purchase Replacement policies Rules for buying, supplies Finance, Budgeting and Inv

Transportation and assignment problem, What are the computer applications o...

What are the computer applications of transportation and assignment problem

Simplex method, how to solve simplex method in LPP?

how to solve simplex method in LPP?

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