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OR Assignment For A&F

The document outlines an Operations Research assignment for 3rd Year Accounting and Finance students at Gambella University, focusing on two linear programming problems. The first problem involves maximizing profits from purchasing two products under budget and space constraints, while the second problem requires minimizing costs for tonics that provide necessary vitamins. Students are required to formulate these problems and solve them using graphical and Simplex methods, with a submission date of January 25, 2025.

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Solomon Regasa
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6 views1 page

OR Assignment For A&F

The document outlines an Operations Research assignment for 3rd Year Accounting and Finance students at Gambella University, focusing on two linear programming problems. The first problem involves maximizing profits from purchasing two products under budget and space constraints, while the second problem requires minimizing costs for tonics that provide necessary vitamins. Students are required to formulate these problems and solve them using graphical and Simplex methods, with a submission date of January 25, 2025.

Uploaded by

Solomon Regasa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Gambella University

College of Natural and Computational Science

Department of Mathematics

Operations Research Assignment Target Group:


Accounting and Finance
3rd Year Weekend
Assignment type: Group
Load: 15%

1. XYZ Ltd. Co. wishes to purchase a maximum of 3600 units of two types of product; A &
B which are available in the market. Product A occupies a space of 3 cubic feet & cost Birr
9 whereas B occupies a space of 1 cubic feet & cost Birr 13 per unit. The budgetary
constraints of the company do not allow spending more than Birr 39,000. The total
availability of space in the company's god own is 6000 cubic feet. Profit margin of both
the product A & B is Birr 3 & Birr 4 respectively.
➢ Formulate the above problem as a linear programming model and solve it by using
graphical method. You are required to ascertain the best possible combination of
purchase of A & B so that the total profits are maximized.

2. In this problem, a patient visits the doctor to get treatment for ill health. The doctor
examines the patient and advises him to consume at least 40 units of vitamin A and 50
units of vitamin B daily for a specified time period. He also advises the patient that to get
vitamin A and vitamin B he has to drink tonic X and tonic Y that have both vitamin A and
vitamin B in a proportion. One unit of tonic X consists 2 units of vitamin A and 3 units of
vitamin B and one unit of tonic Y consists of 4 units of vitamin A and 2 units of vitamin B.
These tonics are available in medical shops at a cost of Rs.3.00 and Rs.2.50 per unit of X
and Y respectively. Now the problem of patient is how much of X and how much of Y is to
be purchased from the shop to minimize the total cost and at the same time he can get
required amounts of vitamins A and B.
➢ Formulate the above problem as a linear programming model and solve it by
using Simplex Method.

Submission
date: 25-1-2025

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