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Islington College: Information System CC4002NA Groupwork 4

This document is a group project submission for the module CC4002NA Groupwork 4 at Islington College. It includes an acknowledgment section thanking various people who helped with the project. It then presents solutions to three questions: 1) A tax calculation procedure that determines tax owed based on income and tax brackets. It provides examples of calculating tax for different income amounts. 2) A linear programming problem about determining the optimal combination of three ingredients for a mixture to minimize costs, given various constraints. It formulates the problem as a linear model and solves it using the Simplex method and Excel Solver. 3) A profit maximization problem for a manufacturing company. It finds the breakeven points

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hazel
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0% found this document useful (0 votes)
74 views

Islington College: Information System CC4002NA Groupwork 4

This document is a group project submission for the module CC4002NA Groupwork 4 at Islington College. It includes an acknowledgment section thanking various people who helped with the project. It then presents solutions to three questions: 1) A tax calculation procedure that determines tax owed based on income and tax brackets. It provides examples of calculating tax for different income amounts. 2) A linear programming problem about determining the optimal combination of three ingredients for a mixture to minimize costs, given various constraints. It formulates the problem as a linear model and solves it using the Simplex method and Excel Solver. 3) A profit maximization problem for a manufacturing company. It finds the breakeven points

Uploaded by

hazel
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Islington College

Information System
CC4002NA
Groupwork 4

Submitted By: Submitted To:


Dibya Shrestha (17031100) Ashok Dhungana
Isha K.C Module Leader
Priya Mushyan Logic And Problem Solving
L1C8
Date: 22 May, 2018
Word Count:- 2358 Semester:Spring
Acknowledgement

We might want to offer our earnest thanks to all our module educators for their
nonstop guidance and support amid this gathering work. We might likewise want to
thank everybody who made it feasible for us to finish this gathering work. Our most
profound thankfulness to the module educators Mr. Prakash Adhikari and Mr. Ashok
Dhungana who helped us to co-ordinate venture with their animating
recommendations and support.

Besides, we would all value our consistent endeavors and association while doing
this gathering work. We did this extend for marks as well as to acquire learning and
data in regards to all the related points of this gathering work, so we might
particularly want to thank our module instructors for allowing us to do this gathering
work. We would likewise need to welcome the direction given by our senior siblings
and sisters for giving us a few thoughts regarding how to take care of the issue in
snappier and less demanding ways. This undertaking would not have been
conceivable without the constant cooperation and communication among us
colleagues.

We might truly want to express our most profound thankfulness and appreciation to
our module educators for giving us this venture to extemporize ourselves both with
learning and abilities. Finally, we might want to thank everybody who guided us all
through this gathering work straightforwardly and in a roundabout way.
1) Question No.1
Write a procedure, tax, to calculate (to the nearest pound) the tax a person owes,

depending on his/her income.

Calculate the tax using this table:

Income Tax Rates


Tax Rate Taxable Income
Basic Rate 20% £0 to £31,700
Higher Rate 40% £31,701 to £150,000
Additional Rate 45% Over £150,000

The procedure should show

i) The salary,

ii) The tax rate,

iii) The amount of tax

iv) The amount left after tax and

v) Be able to deal with any input, valid or not.

Your tests of your procedure should include the following values, which should be

included in your final presentation.

tax (30500),

tax (128000),

tax (262000),

tax (19000),

tax (53330),

tax (-16700),
Income Tax Brackets Tax Slab Tax Tax Amount Taxable Amount Left
Rate
0 31700 =B9-A9 20% =if(C9>B6,B6*D9,C9*D9) =if(C9>B6,0,B6-C9)

31701 150000 =B10-A10 40% =if(C10>F9,F9*D10,C10*D10) =if(C10>F9,0,F9-C10)

150000 Above =B11-A11 45% =F10*D11

Total Tax =SUM(E9:E11)

Amount left after tax =B6-E14

Formula showing the whole process


1) For salary 30500

Salary=30500

Tax Rate=20%

Amount of Tax=6100

Amount left after tax=24400


2) For salary 128000

Salary=128000

Tax Rate=40%

Amount of Tax=44860

Amount left after tax=83140


3) For salary 262000

Salary=262000

Tax Rate=45%

Amount of Tax=104060.5

Amount left after tax=157939.95


4) For salary 19000

Salary=19000

Tax Rate=20%

Amount of Tax=3800

Amount left after tax=15200

5) For salary 53330


Salary=53300
Tax Rate=40%
Amount of Tax=14992
Amount left after tax=38338
6) For salary -16700
Since the salary is less than 0, a warning box is popped up with some
message. You can continue the process or cancel it. No tax is added to the
salary thus the tax rate, amount left tax and amount left after text is 0
Question No.2
Part A
Martin and Son’s company wants to manufacture a mixture containing three contents

X, Y and Z. The cost of X, Y and Z are $5, $4 and $3 respectively. The company

prepares the mixture to meet out the demand of the costumers in the following

manner.

(i) The quantity of X cannot be more than 200 kgs in the mixtures.

(ii) The quantity of Y used should be at least 300 kgs.

(iii) The content of Z cannot be more than 400 kgs.

Find the optimal combination of the three contents for a mixture of 1000 kgs, so that

the total cost is minimum.

Questions

You should answer the following questions and incorporate your answers into a

word-processed report to form part of your final pdf. The sections of your report

should correspond to the individual questions following.

a) Formulate the problem as a linear programming model, clearly defining the

variables, the objective function and the constraints.

b) Solve the problem using Simplex method.

c) Solve the problem using the Excel Solver and interpret the results.

d) For the final part of your report, in your capacity as an Adviser, you should present

a memorandum to the Martin and Son’s company. Describe your main conclusions

in simple, non-technical English; i.e. do not use technical terms like variable,

objective function or dual price. Don’t worry about repeating some or all of the

points that you have already made in answer to earlier questions. The aim is to

communicate your conclusions clearly to someone who is knowledgeable about

the combination of contents used in the mixture, but who knows nothing about the

subject of linear programming. You may use tables and charts if you wish.
Part B
Solve the following linear programming problem graphically:
Maximize: Z = 0.3x + 0.4y

Subjected to,

2x + y ≤ 90

x + 2y ≤ 80

x + y ≤ 50

x, y ≥ 0

Solution,

Maximize Z=0.3 x+ 0.4 y

Equation 1) 2x+y<=90

Equation 2) x+2y <=80

Equation 3) x+y <=50

X , y>0

Changing equation 1) into standard form:

2x+y=90

or, y=90–2x

X 25 30 25

y 40 30 20

x+2y=80

or, x=80–2y

X 20 80 40

y 30 0 20

x+y=50

or, y=50-x

X 30 20 40

y 20 30 10
To find the maximum value for the given equation, we have to follow the following
table:
Max, Z=0.3x+0.4y

points x y 0.3x+0.4y=Z

(0,0) 0 0 0

(50,0) 50 0 15

(40,10) 40 10 16

(20,30) 20 30 18

(0,40) 0 40 16

Therefore, the Z value is maximum for the corner point “D”

Z(optimum)=18 at D(20,30)

2) Question No.3
If the total costs of a manufacturing company is C(x) = 390+24x, and the total
revenue is
R(x) = 640x – 42x².

Questions

You should answer the following questions and incorporate your answers into a
word-

processed report. The sections of your report should correspond to the individual
questions

below.

a) Find the breakeven point(s).

b) By plotting the revenue and cost functions, obtain the

break-even output levels and corresponding price (use graph paper).

c) Generate the profit function for the company and find,

i. The level production that maximizes the profit.

ii. The maximum profit.

Solution,

Given, Cost price………C(x)=390+24x

Revenue price.....R(x)=640x-42x²

To find breakeven points,

C(x)=R(x)

or, 390+24x=640x-42x²

or, 42x²-616x+390=0

or, 21x²-308x+195=0

Comparing it with a²+2b+c

a=21 b=-308 c=195

Using formula,

x={-b+-(b²-4ac)½}/2a
x={-b+(b²-4ac) ½}/2a x={-b-(b²-4ac) ½}/2a

={-(-308) +(-308) ²- 4*21*195}/(2*21) ={-(-308) -(-308) ²-


4*21*195}/(2*21)

=14.004 =0.663

i) 14.004 and 0.663 are the breakeven points.


Log Of Meetings

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