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Assignment 2024

cumputational mathematics

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sibusisokahblessed
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22 views4 pages

Assignment 2024

cumputational mathematics

Uploaded by

sibusisokahblessed
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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Requirements for this paper

Multiple-choice cards NO Non-programmable YES Open book exam NO


calculator

Graph paper NO Laptop NO

Examination: Assignment Programme: BComm

Module Code: MMEC511/MCMT511 Duration:

Module Name Marks: 55

Examiner: Dr Stephen T. Sikwila Due 11 April 2024


Moderator: Time: 08:00am

Instructions

1. ANSWER ALL QUESTIONS.

2. Show ALL your working

3. Marks are awarded for completeness, clarity, and style of presentation. A correct
solution, poorly presented will not earn full marks.

4. Section A is compulsory for all students.

5. Section B is compulsory for all Economics students.

6. Section C is compulsory for all Accounting students.

7. Use 4 decimal places unless stated otherwise.

MMEC511/MCMT511 (Assignment) Page 1 of 4


SECTION A [15 MARKS]

QUESTION 1 [4 MARKS]

Two types of tickets are to be sold for a concert. One type costs 150 rands
per ticket and the other type costs 250 rands per ticket. The promoter
of the concert must sell at least 15 000 tickets including 8 000 of the 150
rands tickets and 4 000 of the 250 rands tickets. Moreover, the gross
receipts must total at least 2 750 000 rands in order for the concert to be
held. Formulate this as a linear programming problem.

QUESTION 2 [5 MARKS]

A juice stand sells two types of fresh juice in mug sized cups, the Refresher
and the Super-Duper. The Refresher is made from 3 oranges, 2 apples and
a slice of ginger. The Super Duper is made from one slice of watermelon,
3 apples and one orange. The owners of the juice stand have 50 oranges,
40 apples, 10 slices of watermelon and 15 slices of ginger. Now suppose
that Refreshers sell for 16 rands each and Super-Dupers sell for 18 rands
each. Let’s suppose also that the juice stand will sell all of the drinks
they can make on this day. Formulate this problem as an LP
problem.

QUESTION 3 [6 MARKS]

An investor has up to 9 000 000 rands to invest in three types of invest-


ments. Type A pays 6% annually and has a risk factor of 0. Type B pays
10% annually and has a risk factor of 0.06. Type C pays 12% annually
and has a risk factor of 0.08. To have a well-balanced portfolio, the in-
MMEC511/MCMT511 (Assignment) Page 2 of 4
vestor imposes the following conditions. The average risk factor should
be no greater than 0.05. Moreover, at least one-half of the total portfolio
is to be allocated to Type A investments and at least one-fourth of the
portfolio is to be allocated to Type B investments. How much should
be allocated to each type of investment to obtain a maximum return?
Formulate this as a linear programming problem.

SECTION B [10 MARKS]

QUESTION 4 [10 MARKS]

A juice stand sells two types of fresh juice in mug sized cups, the Refresher
and the Super-Duper. The Refresher is made from 3 oranges, 2 apples and
a slice of ginger. The Super Duper is made from one slice of watermelon,
3 apples and one orange. The owners of the juice stand have 50 oranges,
40 apples, 10 slices of watermelon and 15 slices of ginger. Now suppose
that Refreshers sell for 16 rands each and Super-Dupers sell for 18 rands
each. Let’s suppose also that the juice stand will sell all of the drinks
they can make on this day. Solve using the graphical method.

SECTION C [15 MARKS]

QUESTION 4 [5 MARKS]

A small petroleum company owns two refineries. Refinery 1 costs 500


000 rands per day to operate, and it can produce 300 barrels of high-
grade oil, 200 barrels of medium-grade oil, and 150 barrels of low-grade
oil each day. Refinery 2 is newer and more modern. It costs 600 000
rands per day to operate, and it can produce 300 barrels of high-grade
oil, 250 barrels of medium-grade oil, and 400 barrels of low-grade oil each
day. The company has orders totaling 35 000 barrels of high-grade oil,

MMEC511/MCMT511 (Assignment) Page 3 of 4


30 000 barrels of medium-grade oil, and 40 000 barrels of low-grade oil.
How many days should the company run each refinery to minimise its
costs and still meet its orders? Determine the dual of the given
minimisation problem. [5]
QUESTION 5 [10 MARKS]

Use the simplex method to solve the linear programming problem.


Maximise z = 5x1 + 2x2 + 8x3
subject to 2x1 − 4x2 + x3 ≤ 42
2x1 + 3x2 − x3 ≤ 42
6x1 − x2 + 3x3 ≤ 42
x1, x2, x3 ≥ 0.

END

MMEC511/MCMT511 (Assignment) Page 4 of 4

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