Preview

Or Assignment

Good Essays
Open Document
Open Document
1830 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Or Assignment
1. A toy company manufactures two types of dolls, a basic version doll-A and a deluxe version doll-B. Each doll of type B takes twice as long to produce as one of type A, and the company would have time to make maximum of 1000 per day. The supply of plastic is sufficient to produce 1000 dolls per day(both A & B combined). The deluxe version requires a facny dress of which there are only 500 per day available. If the company makes a profit of Rs 3.00 and Rs 5.. per doll, respectively on doll A and B, then how many of each doll should be produced per day in order to maximise the total profit. Formulate this problem.

Ans.

Let x1 and x2 be the number of dolls produced per day of type A and B respectively.

Let the doll A require “t” hrs to make.
So the doll B would require “2t” hours to make.
So the total time to manufacture x1 & x2 dolls should not exceed 1000 per day.
Therefore,
x1 + 2x2 ≤ 1000 (time constrain).
Other constrains are: x1 + x2 ≤ 1000 (Plastic constrain). x2 ≤ 500 (Dress constrain).
And the non-negative constrains are x1 ≥0, x2 ≥0

Maximize the profit function: p = 3x1 + 5x2

2. What are the advantages of Linear programming techniques?

Ans. Advantages—

1. The linear programming technique helps to make the best possible use of available productive resources (such as time, labour, machines etc.)

2. It improves the quality of decisions. The individual who makes use of linear programming methods becomes more objective than subjective.

3. It also helps in providing better tools for adjustment to meet changing conditions.

4. It highlights the bottlenecks in the production processes.

5. As the problem is linear in nature the computational power required is less compared to non-linear methods. Therefore, large problems like optimization of an entire refinery can be performed using LP technique using desk top computers.

3. Solve the following Assignment Problem

|Operations |

You May Also Find These Documents Helpful

  • Good Essays

    Pm3110 Unit 4

    • 854 Words
    • 4 Pages

    It takes 5 + 100*0.2 + 10 + 100*0.1 = 45 minutes to make 100 products.…

    • 854 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Busn312 Hw3A

    • 727 Words
    • 3 Pages

    Linear programming problems have a.|linear objective functions, non-linear constraints.| b.|non-linear objective functions, non-linear constraints.| c.|non-linear objective functions, linear constraints.| d.|linear objective functions, linear constraints.| ____C 7. The first step in formulating a linear programming problem is a.|Identify any upper or lower bounds on the decision variables.| b.|State the constraints as linear combinations of the decision variables.| c.|Understand the problem.| d.|Identify the decision variables.| e.|State the objective…

    • 727 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Hamptonshire Express Case

    • 632 Words
    • 3 Pages

    b. The optimal stocking quantity differs from problem #2 because Ralph is incurring the cost of overstocking, which changes the critical ratio from .8 in problem #2 to .2. Because of the critical ratio change, Anna’s profit decreases as Ralph’s increases. This is consistent with the Newsvendor Model, which gives Cu=.2, Co=.8, for a critical ratio of .2. Using the formula in the spreadsheet, Q*=NORM.INV(.2,600,100)=515.837, gives the optimal stocking quantity of 516.…

    • 632 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Cheat sheet OMIS 355

    • 727 Words
    • 3 Pages

    The following linear programming problem has been written to plan the production of two products. The company wants to maximize its profits. 
X1 = number of product 1 produced in each batch X2 = number of product 2 produced in each batch 
MAX: 150 X1 + 250 X2
Subject to: 2 X1 + 5 X2 ≤ 200 − resource 1 
3 X1 + 7 X2 ≤ 175 − resource 2 X1, X2 ≥ 0. How many units of resource 1 are consumed by each unit of product 1 produced? 2…

    • 727 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mat 540 Quiz 4

    • 1474 Words
    • 6 Pages

    The standard form for the computer solution of a linear programming problem requires all variables to be to the right and all numerical values to be to the left of the inequality or equality sign…

    • 1474 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    Thicket Wood Inc

    • 2852 Words
    • 12 Pages

    Thicket Wood Ltd. produces high-quality custom and handcrafted kitchen cabinets. They have a forecasted demand of two thousand kitchen cabinets this upcoming year. To meet this demand Mark Taylor operations manager must purchase a new or used CNC router machine and re-arrange his employees. Mark needs to re-arrange his employees to maximize the benefit of the CNC routing machine and meet the required demand of cabinets. There are six employees to re-arrange if he were to purchase the new CNC routing machine and seven employees to re-arrange if he choose to purchase the used CNC routing machine. To determine which machine he should invest in we have calculated the payback period for each option. It was determined that the new CNC routing machines payback period is three years, equivalent to the three years it is covered under warranty. The used CNC routing machine has a payback period of one year and eight months witch exceeds the warranty of one year. Mark decides to go with the new CNC routing machine form High Tech Inc. do to these calculations. We have also determined how many cabinets the production line can produce per year with the re-arranged line of six workers and the new CNC router machine. We know that working at maximum capacity is unrealistic therefore we have also determined how many cabinets we can produce at a lower production capacity. These calculations also help solve the second part of the main problem Thicket Wood is facing, meeting the demand of two thousand cabinets for the upcoming year. There are also sub problems which Thicket Wood will possibly face such as bottlenecks in the production line. As well as the implementation of the new CNC router machine which would then reclassify their product and require them to restructure their sales pitch.…

    • 2852 Words
    • 12 Pages
    Powerful Essays
  • Good Essays

    7. When using linear programming model to solve the “diet” problem, the objective is generally to maximize profit.…

    • 894 Words
    • 6 Pages
    Good Essays
  • Good Essays

    6- A non-unique solution to a linear program indicates the existence of more than one optimal point with different values of the decision variables but the same value of the objective function.…

    • 715 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Case Study

    • 308 Words
    • 2 Pages

    3. Compute the projected profit for the order quantities suggested by the management team under three scenarios: worst case in which sales is 10,000 units, most likely case in which sales is 20,000 units and best case in which sales is 30,000 units…

    • 308 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Gg Toys

    • 440 Words
    • 2 Pages

    ACTG 512 GG Toys Setup Templates Estimation of Cost Driver Rates Cost Pool Cost (from Exhibit 1) Allocation Base (from Exhibits 1 and 4) Cost Driver Rate (= Cost / Allocation Base) Plant Management 40,000 27,000 $1.48 Machine Related 112,000 11,200 $10.00 Setup 13,333 160 $83.33 Receiving/Production Control 63,000 161 $391.30 Packaging and Shipping…

    • 440 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Note: If the optimal solution is rounded to BP100 = 50, BP200 = 16.67, the value of the optimal solution will differ from the value shown. The value we show for the optimal solution is the same as the value that will be obtained if the problem is solved using a linear programming software package such as The Management Scientist. 2. In the short run the requirement reduces profits. For instance, if the requirement were reduced to at least 24% of total production, the new optimal solution is BP100 = 1425/28, BP200 = 225/14, with a total profit of $26,290.18; thus, total profits would increase by $56.85.…

    • 4205 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    G.G. Toy Case Study

    • 519 Words
    • 3 Pages

    The third issue to discuss is how to efficiently use the equipment purchased for the production of the reindeer doll. During the months the reindeer doll is produced leaves the space lying idle from October to June. I think that producing only the reindeer doll will not be efficient. This doll does not use the machinery just bought for an efficiently. I think if the firm produced more toys and considered creating a holiday line it would prove to bring them in more profits. Making more dolls for different occasions using the same machinery and…

    • 519 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    G.G. Toys is a doll producing company with plants operating in Chicago and Springfield. In 2000 the company faced a decline in margins. In order to reduce production cost they planned to shift the production from Geoffrey dolls to specialty dolls. The firm was based on the traditional cost system which allocated all the overheads on the basis of direct labor cost. For the Chicago plant this costing system was not appropriate. The new ABC system is recommended for the plant which showed that as the margin from specialty dolls is only 3%; it should be closed down. Using these new results it is recommended that more Geoffrey dolls be produced. Moreover the excess capacity in the plant could be used to manufacture cradles and shut down the Springfield plant. Also the scraps from Pajamas can be used to introduce another product line. These recommendations will enable the firm to increase its profitability.…

    • 431 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    3) The standard form for the computer solution of a linear programming problem requires all variables to be to the right and all numerical values to be to the left of the inequality or equality sign…

    • 5523 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Having accomplished step 1(a) through (c) decide the symbolic notation for the decision variables and specify units of measurement. Such specification of units of measurement would help in interpreting the final solution of the LP problem .…

    • 269 Words
    • 2 Pages
    Good Essays