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Maximise 1170x1 + 1110x2
Subject to: 9x1 + 5x2 ≥ 500 7x1 + 9x2 ≥ 300 5x1 + 3x2 ≤ 1500 7x1 + 9x2 ≤ 1900 2x1 + 4x2 ≤ 1000 x1, x2 ≥ 0 -Find graphically the feasible region and the optimal solution
Consider the following product mix problem:
Three machine shops A, B, C produces three types of products X, Y, Z respectively. Each product involves operation of each of the machine shops. The time required for each operation on various products is given as follows:
Machine shops
Products A B C Profit per unit X 10 7 2 Birr 12 Y 2 3 4 Birr 3 Z 1 2 1 Birr 1 Available Hours 100 77 80 Make the Mathematical model of the above primal problem to maximise the profit and then make the dual problem.
Consider the following product mix problem:
Three machine shops A, B, C produces three types of products X, Y, Z respectively. Each product involves operation of each of the machine shops. The time required for each operation on various products is given as follows:
Machine shops
Products A B C Profit per unit X 10 7 2 Birr 12 Y 2 3 4 Birr 3 Z 1 2 1 Birr 1 Available Hours 100 77 80 Make the Mathematical model of the above primal problem to maximise the profit and then make the dual problem
Maximise 1170x1 + 1110x2
Subject to: 9x1 + 5x2 ≥ 500 7x1 + 9x2 ≥ 300 5x1 + 3x2 ≤ 1500 7x1 + 9x2 ≤ 1900 2x1 + 4x2 ≤ 1000 x1, x2 ≥ 0 -Find graphically the feasible region and the optimal solution.
Maximise 1170x1 + 1110x2
Subject to: 9x1 + 5x2 ≥ 500
7x1 + 9x2 ≥ 300
5x1 + 3x2 ≤ 1500
7x1 + 9x2 ≤ 1900
2x1 + 4x2 ≤ 1000
x1, x2 ≥ 0
-Find graphically the feasible region and the optimal solution.
Opportunity cost is all about making choices and how you adequately and effectively manage it. What do you understand by the concepts of intra and inter temporal choice models in Managerial Economics, further as a fresh graduate of MSc in Managerial Economics, clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity cost if not managed adequately and effectively ?
Highlight the difference between shift and the movement in the demand curve
Large-scale production is considered economical in the sense of per unit cost. Explain the statement by describing different types of economies of scale. Give examples to substantiate your answer
You have been appointed as IT Head of a soon to be opened bank in India by the name of “People’s bank” which will have branches all over India. People’s bank is a private sector bank. Highlight atleast 5 security threats that a bank may face in today’s times and suggest 5 innovative IT security mechanisms to ensure that such threats do not harm your bank & that your systems remain as secure as ever
t is often stated that “E-governance helps in building trust between governments and citizens”. Do you agree with this statement? If yes, provide one detailed example of any EGovernance project undertaken by any municipality in any part of India. Provide features of the project & benefits. If No, then justify with appropriate reasons (minimum 10 reasons) as to why eGovernance does not facilitate trust.
