=2. Ganesh feels that one of the objectives of the IHD Project is also to ensure adequate
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=2. Ganesh feels that one of the objectives of the IHD Project is also to ensure adequate earnings to the weavers. He feels that he is even willing to sacrifice to some extent, the profitability of his project in order to ensure that, on an average, the production pays as wages to the weavers at least Rs 20.50 per loom day. Would you recommend to him a different product mix in order that he may fulfill this objective? How much extra remuneration is provided to weavers by this plan over the plan you suggested under (1) above?
The minimum wages constraint ensures that the weavers get at least 20.5×3000 = 61, 500 for the entire month.
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Quantitative Analysis For Management
ISBN: 9789332578692
12th Edition
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna
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