Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

b. A company is planning to determine its product mix out three different products: P1, P2, P3. The monthly sale of the product P, is

image text in transcribed
image text in transcribed
b. A company is planning to determine its product mix out three different products: P1, P2, P3. The monthly sale of the product P, is limited to a maximum of 500 units. For every two units of P2 produced, there will be one unit of by product which can be sold at the rate of Rs.20/unit. The highest monthly demand for this by product is 200 units. The contributions/unit of the product P1, P2, P3 are Rs.50, Rs. 70 and Rs.60 respectively. The processing requirement for three products are shown in table below: Process Hours/unit Available hours PI P2 P3 3 5 2 1000 II W 700 III W 1300 Formulate a linear programming model of this problem to find the optimum product mix such that the total contribution is maximized. (10 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Algebra Graphs And Authentic Applications

Authors: Jay Lehmann

2nd Edition

0321923472, 9780321923479

More Books

Students also viewed these Mathematics questions

Question

Coaching and motivational behavior

Answered: 1 week ago

Question

2. In what way can we say that method affects the result we get?

Answered: 1 week ago