Model Answer
0 min readIntroduction
Linear Programming (LP) is a mathematical technique used to optimize an objective function, subject to a set of constraints. It’s a powerful tool in operations research and management science, widely applied in resource allocation, production planning, and logistics. In the context of business, LP helps determine the best possible allocation of limited resources to maximize profit or minimize cost. This problem presents a classic scenario where a company aims to optimize its production levels of two products, considering resource limitations and associated costs, to achieve cost minimization.
Formulating the Linear Programming Problem
Let's define the decision variables, objective function, and constraints for this problem.
1. Decision Variables:
- Let x represent the number of units of product A to be produced.
- Let y represent the number of units of product B to be produced.
2. Objective Function:
The objective is to minimize the total weekly cost of machines, men, and material. The cost per hour of machine is ₹50, per hour of men is ₹30, and per kg of material is ₹10. The total cost can be expressed as:
Minimize Z = (9x + 5y) * 50 + (7x + 3y) * 30 + (4x + 4y) * 10
Simplifying the objective function:
Minimize Z = (450 + 210 + 40)x + (250 + 90 + 40)y
Minimize Z = 700x + 380y
3. Constraints:
The production is limited by the available capacity of machines, men, and material.
- Machine Constraint: 9x + 5y ≤ 180 (Total machine hours used cannot exceed 180)
- Men Constraint: 7x + 3y ≤ 150 (Total men hours used cannot exceed 150)
- Material Constraint: 4x + 4y ≤ 200 (Total material used cannot exceed 200 kg)
- Non-Negativity Constraints: x ≥ 0, y ≥ 0 (Production quantities cannot be negative)
4. Complete Linear Programming Problem Formulation:
Minimize Z = 700x + 380y
Subject to:
- 9x + 5y ≤ 180
- 7x + 3y ≤ 150
- 4x + 4y ≤ 200
- x ≥ 0
- y ≥ 0
This LPP can now be solved using various methods like the graphical method, simplex method, or using software like Excel Solver to determine the optimal values of x and y that minimize the total cost while satisfying all the constraints.
Graphical Representation (Conceptual)
While not explicitly asked for, understanding the graphical representation helps visualize the feasible region. Each constraint represents a line on a graph. The feasible region is the area where all constraints are satisfied simultaneously. The optimal solution lies at one of the corner points of the feasible region.
Conclusion
In conclusion, the given production problem has been successfully formulated as a Linear Programming Problem. The objective function minimizes the total cost associated with machine usage, labor, and material, while the constraints ensure that production remains within the available resource limits. Solving this LPP will provide the optimal production quantities of products A and B, leading to cost minimization for the company. This demonstrates the practical application of LP in optimizing business operations and resource allocation.
Answer Length
This is a comprehensive model answer for learning purposes and may exceed the word limit. In the exam, always adhere to the prescribed word count.