Question 01: A manufacturer has production facilities for assembling two different types of television sets. These facilities can be used to assemble both black and white and coloured sets. At the present time the firm is producing only one model of each type of set. The black and white set contributes Rs. 150 towards profit while a coloured set contributes Rs. 450 towards profit. The number of coloured television sets manufactured everyday cannot exceed 50 as the number of coloured picture tubes available everyday is 50. Each black and white set requires 6 man-hours of chassis assembly time, whereas each coloured set requires 18 man hours. The daily available man hours for the chassis assembly line is 1800. A black and white set must spend one man hour on the set assembly line whereas a coloured set must spend 1.6 man hours on the set assembly line. The daily available man hours on this line is 240. A black and white television set requires 0.5 man hours of testing- and final inspection whereas a coloured set requires 2 man hours. The total available man hours per day for testing and inspection is 162.
Question 01: A manufacturer has production facilities for assembling two different types of television sets. These facilities can be used to assemble both black and white and coloured sets. At the present time the firm is producing only one model of each type of set. The black and white set contributes Rs. 150 towards profit while a coloured set contributes Rs. 450 towards profit. The number of coloured television sets manufactured everyday cannot exceed 50 as the number of coloured picture tubes available everyday is 50. Each black and white set requires 6 man-hours of chassis assembly time, whereas each coloured set requires 18 man hours. The daily available man hours for the chassis assembly line is 1800. A black and white set must spend one man hour on the set assembly line whereas a coloured set must spend 1.6 man hours on the set assembly line. The daily available man hours on this line is 240. A black and white television set requires 0.5 man hours of testing- and final inspection whereas a coloured set requires 2 man hours. The total available man hours per day for testing and inspection is 162.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
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Transcribed Image Text:Question 02:
Following data set indicates the annual electricity consumption of Sri Lanka in Mega Watt Hours
(MWh) from 1996 to 2022.
Year
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Electricity Consumption
in MWh
1,588
1,558
1,753
1,408
1,310
1,424
1,677
1,937
1,685
1,488
1,562
1,619
1,687
1,841
1,865
1,637
1,653
1,699
1,698
1,523
1,557
1,795
1,934
2,125
2,543
2,616
3,191
You are required to forecast the electricity demand of Sri Lanka for the year 2023 using the
following smoothing methods and recommend the most appropriate value.
i. Three year moving average method
ii.
iii.
iv.
Six year moving average method
Single exponential smoothing method (smoothing constant = 0.2)
Single exponential smoothing method (smoothing constant = 0.05)
Transcribed Image Text:Question 01:
A manufacturer has production facilities for assembling two different types of television sets.
These facilities can be used to assemble both black and white and coloured sets. At the present
time the firm is producing only one model of each type of set. The black and white set
contributes Rs. 150 towards profit while a coloured set contributes Rs. 450 towards profit. The
number of coloured television sets manufactured everyday cannot exceed 50 as the number of
coloured picture tubes available everyday is 50. Each black and white set requires 6 man-hours
of chassis assembly time, whereas each coloured set requires 18 man hours. The daily available
man hours for the chassis assembly line is 1800. A black and white set must spend one man
hour on the set assembly line whereas a coloured set must spend 1.6 man hours on the set
assembly line. The daily available man hours on this line is 240. A black and white television
set requires 0.5 man hours of testing- and final inspection whereas a coloured set requires 2
man hours. The total available man hours per day for testing and inspection is 162.
Formulate and solve the problem using simplex method so that the profit is maximized.
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