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Formulation

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D. Naarayan Nandan
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6 views

Formulation

Uploaded by

D. Naarayan Nandan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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R. A.

Podar College of Commerce and Economics


(Empowered Autonomous)
FYBCom Mathematical and Statistical Techniques I
Mathematical Applications in Management Worksheet 1
Q 1. Formulate the following LPP:
(A) A company produces two types of products, P1 and P2 . The profit per unit of P1 is $3
and per unit of P2 is $5. Each product must go through two types of machinery: Machine
A and Machine B. P1 requires 1 hour on Machine A and 2 hours on Machine B, while P2
requires 2 hours on Machine A and 1 hour on Machine B. Machine A is available for 8
hours and Machine B for 6 hours. Formulate this as an LPP.
(B) A farmer has 100 acres of land and can plant two crops: wheat and barley. The profit
from wheat is $200 per acre and from barley is $100 per acre. Each acre of wheat requires
3 units of fertilizer and 2 units of pesticide, while each acre of barley requires 1 unit of
fertilizer and 1 unit of pesticide. The farmer has 120 units of fertilizer and 80 units of
pesticide. Formulate this as an LPP.
(C) A company produces three products: P1 , P2 , and P3 . The profits are $6, $5, and $4 per
unit for P1 , P2 , and P3 respectively. Each unit of P1 requires 1 hour on Machine A and
2 hours on Machine B. Each unit of P2 requires 2 hours on Machine A and 1 hour on
Machine B. Each unit of P3 requires 1 hour on Machine A and 1 hour on Machine B.
Machine A is available for 20 hours and Machine B for 15 hours. Formulate this as a
Linear Programming Problem (LPP).
(D) A carpenter makes bookcases in two sizes, large and small. It takes 8 hours to make a
large bookcase and 4 hours to make a small one. The profit on a large bookcase is $70
and the profit on a small bookcase is $40. The carpenter can spend only 24 hours per
week making bookcases and must make at least two of each size each week. Formulate
the LPP.
(E) A tire manufacturer has 2000 units of raw rubber to use in producing radial tires for
passenger cars and tractor tires. Each radial tire requires 5 units of rubber; each tractor
tire requires 40 units. Labor costs are $10 for a radial tire and $14 for a tractor tire.
Suppose that a manufacturer does not wish to pay more than $1500 in labor costs and
wishes to make a profit of $20 per radial tire and $35 per tractor tire. Formulate this
LPP.
(F) A financial advisor manages two types of investment funds, Fund X and Fund Y, with
different rates of return and investment requirements. The advisor has a total of $500,000
to invest and wants to minimize the risk while maximizing the return on investment.
Fund X has an expected return of 8% per annum and requires a minimum investment
of $50,000. Fund Y has an expected return of 6% per annum and requires a minimum
investment of $30,000. The total available investment is $500,000. Formulate the LPP.

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