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Q2) A firm produces three products. These products are processed on three different machines. The time required to manufacture one unit of each of

 

Q2) A firm produces three products. These products are processed on three different machines. The time required to manufacture one unit of each of the three products and the daily capacity of the three machines are given in the table Machine M1 M2 M3 Time per unit (minutes) Product 2 Product 1 Product 3 5 2 4 Machine capacity (minutes/day) 600 560 500 3 5 4 2 It is required to determine the daily number of units to be manufactured for each product. The profits for unit for product 1, 2 and 3 are Rs. 12, 15 & 10 respectively. It is assumed that all the amounts produced are consumed in the market. Formulate the LPP model that will maximize the daily profit 1

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