Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 [50 marks] The XYZ manuf one tonne of product B the following quantities of each material are used respectively Product company produces chemical

image text in transcribed
Question 1 [50 marks] The XYZ manuf one tonne of product B the following quantities of each material are used respectively Product company produces chemical products. Three materials are used to acture the A and B products. For the manufacturing of one tonne of product A and Material 1 2/5 Material2 0 1/5 Material 3 3/5 3/10 For the current production period, the company XYZ has at its disposal the following quantities (in tonnes) of each material: Material Material 1 Material 2 Material 3 Available quantity in tonnes 20 5 21 e contribution to the company's profit from the production of one tonne of product A is 40 Euro while from the production of one tonne of product B is 30 Euro. a) Formalize the above problem in a linear programming model. (10 marks) b) Consider how many tonnes of each product should be produced so that XYZ can maximize its profit. Answer the question using the graphical solution. (20 marks) c) Determine the value of the objective function at the optimum solution. (7 marks) d) Consider whether there is unused material for the production of products A and B. If so, determine the quantities of unused materials. (7 marks) f) Give the definition of the feasible area. (6 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_2

Step: 3

blur-text-image_3

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

The Book Marketing Audit

Authors: Kilby Blades

1st Edition

0985798335, 978-0985798338

More Books

Students also viewed these Accounting questions