Each product under goes on operation in two departments, Viz, cutting and finishin. before it emerges as a finished product. The unit time taken by the products and the maximum available hours in the cutting and finishing operations are given below:

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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
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Product
Cutting Hours
Finishing Hours
8.
15
Maximum hours available
300
350
Required
a. Formulate an LP problem
b. Solve by using graphic method to determine the number of units of A and B
to be produced to maximize the contribution
c. State the maximum contribution obtained by your solution
d. compute slack and surplus for each of the constraints
e. identify binding and non-binding constraints
f. compute shadow price for the binding constraints
8.
Transcribed Image Text:Product Cutting Hours Finishing Hours 8. 15 Maximum hours available 300 350 Required a. Formulate an LP problem b. Solve by using graphic method to determine the number of units of A and B to be produced to maximize the contribution c. State the maximum contribution obtained by your solution d. compute slack and surplus for each of the constraints e. identify binding and non-binding constraints f. compute shadow price for the binding constraints 8.
A manufacturing company produces two products A and B, the cost data are as under:
A(Sh.)
B(Sh.)
Selling Price
180
200
Direct materials
30
80
Direct labor
40
30
Variable overheads
20
20
Each product under goes on operation in two departments, Viz, cutting and finishing
before it emerges as a finished product. The unit time taken by the products and the
maximum available hours in the cutting and finishing operations are given
below:
Transcribed Image Text:A manufacturing company produces two products A and B, the cost data are as under: A(Sh.) B(Sh.) Selling Price 180 200 Direct materials 30 80 Direct labor 40 30 Variable overheads 20 20 Each product under goes on operation in two departments, Viz, cutting and finishing before it emerges as a finished product. The unit time taken by the products and the maximum available hours in the cutting and finishing operations are given below:
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