Question: a ) Explain the steps followed in formulating a standard linear program problem ( 6 marks ) b ) A firm produces three products

a) Explain the steps followed in formulating a standard linear program problem (6marks)
b) A firm produces three products \( X, Y, Z \) with a contribution of ksh.20,18 and 16 respectively. Production data is as follows:
\begin{tabular}{|l|l|l|l|}
\hline & Machine Hours & Labour Hours & Materials \\
\hline\( X \) & 5 & 2 & 8\\
\hline\( Y \) & 3 & 5 & 10\\
\hline\( Z \) & 6 & 3 & 3\\
\hline Availability & 3000 & 2,500 & 10,000\\
\hline
\end{tabular}
The manufacturer wishes to establish the weekly production plan which maximizes contributuion using the simplex method (10 marks)
c) Explain and illustreate the concept of Shadow prices (4 marks)
d) A Manufucturer is to market a new fertilizer which is to be a mixture of two ingredients A and B. The properties of the two Ingredients are:
 a) Explain the steps followed in formulating a standard linear program

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!