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Linear Programming Formulation - Assignment Example

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of bicycles and y be the number of trucks the factory needs to produce each day to maximise the profit. It is given that there are 5 lathes which can be operated for 16 hours a day. Thus, the total number of lathe hours available per day is 80. Similarly the…

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Subject: Finance & Accounting
Type: Assignment
Level: Undergraduate
Pages: 7 (1750 words)
Downloads: 0
Author: murazikmaci

Extract of sample "Linear Programming Formulation"

PART QUANTITATIVE A. Linear Programming: Let x be the no. of bicycles and y be the number of trucks the factory needs to produce each day to maximise the profit. It is given that there are 5 lathes which can be operated for 16 hours a day. Thus, the total number of lathe hours available per day is 80. Similarly the total number of hours per day available on assembler is 96. These constraints can be expressed in the form of following inequalities: Number of hours available on lathe = 2x + y Read More

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