Answer on Question #56576 – Math – Other
A company is involved in the production of two items (X and Y). The resources need to produce X and Y are twofold, namely machine time for automatic processing and craftsman time for hand finishing. The table below gives the number of minutes required for each item:
The company has 40 hours of machine time available in the next working week but only 35 hours of craftsman time. Machine time is costed at £10 per hour worked and craftsman time is costed at £2 per hour worked. Both machine and craftsman idle times incur no costs. The revenue received for each item produced (all production is sold) is £20 for X and £30 for Y. The company has a specific contract to produce 10 items of X per week for a particular customer. Formulate the problem of deciding how much to produce per week as a linear program hence make the decision.
Solution
Let be the number of items of , be the number of items of .
Then the LP is
maximise
subject to:
so that the objective function becomes
maximise
i.e. maximise
subject to:
x,y\geq 0
It is plain from the diagram below that the maximum occurs at the intersection of and
Solving simultaneously, rather than by reading values off the graph, we have that and with the value of the objective function being £1866.5.
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