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Problems in Linear Programming

A calculator company needs to produce at least 100 scientific and 80 graphing calculators daily while maximizing profits and adhering to production capacity limits of 200 scientific and 170 graphing calculators. Each scientific calculator results in a $2 loss while each graphing calculator yields a $5 profit. The optimal number of each type to produce daily needs to be determined.

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BBAM I 2014
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© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
263 views

Problems in Linear Programming

A calculator company needs to produce at least 100 scientific and 80 graphing calculators daily while maximizing profits and adhering to production capacity limits of 200 scientific and 170 graphing calculators. Each scientific calculator results in a $2 loss while each graphing calculator yields a $5 profit. The optimal number of each type to produce daily needs to be determined.

Uploaded by

BBAM I 2014
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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Problems in Linear Programming

Question 1.

A calculator company produces a scientific calculator and a graphing


calculator. Long-term projections indicate an expected demand of at least
100 scientific and 80 graphing calculators each day. Because of limitations
on production capacity, no more than 200 scientific and 170 graphing
calculators can be made daily. To satisfy a shipping contract, a total of at
least 200 calculators much be shipped each day.
If each scientific calculator sold results in a $2 loss, but each graphing
calculator produces a $5 profit, how many of each type should be made
daily to maximize net profits?

Question 2.

Question 3.

You need to buy some filing cabinets. You know that Cabinet X costs $10
per unit, requires six square feet of floor space, and holds eight cubic feet
of files. Cabinet Y costs $20 per unit, requires eight square feet of floor
space, and holds twelve cubic feet of files. You have been given $140 for
this purchase, though you don't have to spend that much. The office has
room for no more than 72 square feet of cabinets. How many of which
model should you buy, in order to maximize storage volume?
Given the following constraints, maximize and minimize the value of

z = 0.4x + 3.2y.

Question 4.

In order to ensure optimal health (and thus accurate test results), a lab
technician needs to feed the rabbits a daily diet containing a minimum of
24 grams (g) of fat, 36 g of carbohydrates, and 4 g of protien. But the
rabbits should be fed no more than five ounces of food a day.
Rather than order rabbit food that is custom-blended, it is cheaper to order
Food X and Food Y, and blend them for an optimal mix. Food X contains 8
g of fat, 12 g of carbohydrates, and 2 g of protein per ounce, and costs
$0.20 per ounce. Food Y contains 12 g of fat, 12 g of carbohydrates, and 1 g
of protein per ounce, at a cost of $0.30 per ounce.
What is the optimal blend?

Question 5.

You have $12,000 to invest, and three different funds from which to
choose. The municipal bond fund has a 7% return, the local bank's CDs
have an 8% return, and the high-risk account has an expected (hoped-for)
12% return. To minimize risk, you decide not to invest any more than
$2,000 in the high-risk account. For tax reasons, you need to invest at least
three times as much in the municipal bonds as in the bank CDs. Assuming
the year-end yields are as expected, what are the optimal investment
amounts?

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