Students Management Science - Linear Programming Graphical Method
Students Management Science - Linear Programming Graphical Method
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Course and Year :
Subject : Management Science
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Activity
Putting yourselves in the shoes of a business manager or executive, enumerate 3 to 5
items/matters that you want to: (a) maximize and (b) minimize in doing business.
Enumerate the possible ways of achieving those and enumerate possible
constraints/limitations.
Analysis
Every student in a business program has considered becoming an executive or
manager after graduation. A good manager can maximize the company’s profit and minimize
its cost without violating any limitation or restriction on existing variables, such as time and
quantity of available raw materials. Linear programming is a vital tool in management
science. This quantitative technique in management is so important that it results in
enormous savings of money.
Abstraction
4. Graphical Method
a. As the name implies, this method makes use of graphs to arrive at the optimum
solution.
b. Optimum Solution is a solution that makes the objective function as large in the
case of maximization process, and as small as possible in the case of
minimization process.
c. The set of all points in the graph satisfying the constraints is called feasible
solution, and the points are located in the feasible region.
8. Illustrations
a. EXAMPLE 1: The Margan Furniture
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The Margan Furniture makes two products: tables and chairs, which must be
processed through assembly and finishing departments. Assembly department is
available for 60 hours in every production period, while the finishing
department is available for 48 hours of work. Manufacturing one table
requires 4 hours in the assembly and 2 hours in the finishing. Each chair
requires 2 hours in the assembly and 4 hours in the finishing. One table
contributes P180 to profit, while a chair contributes P100. The problem is to
determine the number of table and chairs to make per production period in
order to maximize the profit.
Solution:
Step 1: Represent the unknown in the problem
Let x = number of tables
Let y = number of chairs.
GRAPH:
● (0, 30)
(0, 12)
●
(12,6)
● (24, 0)
(15,0)
● ●
Solution:
Step 1: Represent the unknown in the problem
Let x = number of gallons of low sulfur
Let y = number of gallons of high sulfur
Minimize: (objective)
Subject to:
constraints
(0, 4)
●
(0, 3) ●
(2.5, 1.5)
●
(4, 0) ● ●
(5, 0)
Vertices:
(2.5, 1.5)
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(4, 0)
(5, 0)
Therefore, since (2.5, 1.5) produces the maximum amount of the objective
function, therefore, the decision must be to utilize:
x = 2.5 number of gallons of low sulfur
y = 1.5 number of gallons of high sulfur
Minimum cost P625
Application
Write your answers in any clean piece of paper. Take a picture and submit it via Google
Classroom. Ensure that every sheet of your submission is labeled with your name.
Show your solution and box-in your final answer.
1. A steel producer makes two types of steel: regular and special steel. A ton of
regular steel requires 2 hours in the open-hearth furnace and 3 hours in the
soaking pit; a ton of special steel requires 2 hours in the open-hearth furnace
and 5 hours in the soaking pit. The open-hearth furnace is available 8 hours per
day and the soaking pit is available 15 hours per day. The profit on a ton of
regular steel is P4, 000 and it is P6, 000 on a ton of special steel. Determine how
many tons o each type of steel should be made to maximize profit, considering
that demand on regular steel is at least 1 ton.
2. An animal food producer mixes two types of animal food: x and y. Each unit of x
cost P100 and contains 40 grams of fat, 20 grams of protein and 1,600 calories.
Each unit of y costs P80 and contains 60 grams of fat, 60 grams of protein and
1, 200 calories. Suppose the producer wants each unit of the final product to
yield at least 360 grams of fat, at least 240 grams of protein and at least 9,600
calories, how many of each type of grain should the producer use to minimize his
cost?
***NOTHING FOLLOWS**