A company produces three products, P1, P2 and P3 from two raw materials A and B, and

Question:

A company produces three products, P1, P2 and P3 from two raw materials A and B, and labour L One unit of product P1 requires one unit of A, 3 units of B and 2 units of L One unit of product P2 requires 2 units of A and Beach, and 3 units of L, while one unit of P3 needs 2 units of A, 6 units of Band 4 units of L. The company has a daily availability of 8 units of A, 12 units of Band 12 units of L It is further known that the unit contribution margin for the products is Rs 3, 2 and 5 respectively for P1, P2 and P3.

Formulate this problem as a linear programming problem, and then solve it to determine the optimum product mix. Is the solution obtained by you unique? Identify an alternate optimum solution, if any.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: