B. A firm manufactures 2 product, A and B. Each product is processed by machines, M₁ and M₂. Each unit of type A requires 1 hour of processing by M₁ and 2 hours in M and each unit type of type B requires 3 hours on M₁ and 1 hour on M₂. The profit on product A is P20 per unit and on product B is P30 per unit. If M₁ is available for 200 hours each month and M₂ for 300 hours, how many units of each type can be manufactured in one month in order to maximize the profits? Requirement: 1) Formulate the linear programming model 2) Solve the linear programming using the graphical method

B. A firm manufactures 2 product, A and B. Each product is processed by machines, M₁ and M₂. Each unit of type A requires 1 hour of processing by M₁ and 2 hours in M and each unit type of type B requires 3 hours on M₁ and 1 hour on M₂. The profit on product A is P20 per unit and on product B is P30 per unit. If M₁ is available for 200 hours each month and M₂ for 300 hours, how many units of each type can be manufactured in one month in order to maximize the profits? Requirement: 1) Formulate the linear programming model 2) Solve the linear programming using the graphical method

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 24EQ: Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry...

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Suppose the coal and steel industries form a closed economy. Every $1 produced by the coal industry requires $0.30 of coal and $0.70 of steel. Every $1 produced by steel requires $0.80 of coal and $0.20 of steel. Find the annual production (output) of coal and steel if the total annual production is $20 million.
23. Consider a simple economy with just two industries: farming and manufacturing. Farming consumes 1/2 of the food and 1/3 of the manufactured goods. Manufacturing consumes 1/2 of the food and 2/3 of the manufactured goods. Assuming the economy is closed and in equilibrium, find the relative outputs of the farming and manufacturing industries.
If during the following year it is predicted that each comedy skit will generate 30 thousand and each musical number 20 thousand, find the maximum income for the year. A television program director must schedule comedy skits and musical numbers for prime-time variety shows. Each comedy skit requires 2 hours of rehearsal time, costs 3000, and brings in 20,000 from the shows sponsors. Each musical number requires 1 hour of rehearsal time, costs 6000, and generates 12,000. If 250 hours are available for rehearsal and 600,000 is budgeted for comedy and music, how many segments of each type should be produced to maximize income? Find the maximum income.
Redo Exercise 5, assuming that the house blend contains 300 grams of Colombian beans, 50 grams of Kenyan beans, and 150 grams of French roast beans and the gourmet blend contains 100 grams of Colombian beans, 350 grams of Kenyan beans, and 50 grams of French roast beans. This time the merchant has on hand 30 kilograms of Colombian beans, 15 kilograms of Kenyan beans, and 15 kilograms of French roast beans. Suppose one bag of the house blend produces a profit of $0.50, one bag of the special blend produces a profit of $1.50, and one bag of the gourmet blend produces a profit of $2.00. How many bags of each type should the merchant prepare if he wants to use up all of the beans and maximize his profit? What is the maximum profit?