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air conditioners and large fans. The assembly process for each is
similar in that both require a certain amount of wiring and drilling.
Each air conditioner takes 3 hours of wiring and 2 hours of drilling.
Each fan must go through 2 hours of wiring and 1 hour of drilling.
During the next production period, 240 hours of wiring time are
available and up to 140 hours of drilling time may be used. Each air
conditioner sold yields a profit of Rs. 25. Each fan assembled may be
sold for Rs. 15 profit. Formulate and solve this LP production mix
situation to find the best combination of air conditioners and fans
that yields the highest profit. Solve the problem by using graphical
method
A firm uses lathes, milling and grinding machines to produce two parts.
Following table represents the machining times required for each part,
available machine time on different machines and the profit values:
used in the radio sets. Each unit of C1 costs the company Rs. 5 in wages and Rs. 5 in material,
while each of C2 costs the company Rs. 25 in wages and Rs 15 in material. The company sells
both products on one period credit terms, but the companys labour and material expenses
must be paid in cash. The selling price of C1 is Rs 30 per unit and of C2 it is Rs 70 per unit.
Because of the companys strong monopoly in these components, it is assumed that the
company can sell, at the prevailing prices, as many units as it produces. The companys
production capacity is however limited by two considerations. First at the beginning of period
1, the company has an initial balance of Rs 4,000 second the company has available in each
period 2,000 hours of machine time and 1,400 hours of assembly time. The production of each
C1 requires 3 hours of machine time and 2 hours of assembly time, whereas the production of
each C2 requires 2 hours of machine time and 3 hours of assembly time. Formulate this