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27 views

Assignment 2.

Uploaded by

Marium 12
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NUST Business School

OTM-836 –Quantitative Analysis for Decision Making

Assignment # 2

Submitted to:
Dr. Waqas Ahmed

Submitted by:
Marium Majid
EMBA 2K21

Date: 28th October, 2021


Assignment 2
Due Date: 28th October
1) A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available
hours, and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1,
while on line 2 product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit,
and the profit for product 2 is $4 per unit.

a) Solve this model by using Computer Software

Decision Variables: Objective Function:

Product 1 = x1 Zmax = 6x1 + 4x2

Product 2 = x2

x1 , x2 ≥ 0

Constraints:

Assembly Line 1 Constraint: 10x1 + 10x2 ≤ 100

Assembly Line 2 Constraint: 7x1 + 3x2 ≤ 42


2)

Solution:
3) Solve the given Linear Programming model with computer software’s: a) QM windows and b) MS Excel (Solver)

Maximize Z = (Last 2 digits of Roll number) x1 + 50x2

subject to: x1 + 2x2  40

4x1 + 3x2  120

x1, x2  0

Note: If it seems difficulty in making MS Excel than use MS Excel (Solver) file uploaded at LMS

Hint: If your roll number is 688576 than Maximize Z = 76x1 + 50x2

a) QM Windows

My roll number is 12163


b) MS Excel (Solver)

Solution:

Sensitivity Analysis:
4) The Pyrotec Company produces three electrical products—clocks, radios, and toasters. These products have the
following resource requirements:

The manufacturer has a daily production budget of $ 2000 and a maximum of 660 hours of labor. Maximum daily
customer demand is for 200 clocks, 300 radios, and 150 toasters. Clocks sell for $15, radios for $20, and toasters for $12.
The company wants to know the optimal product mix that will maximize profit.

a. Formulate a linear programming model for this problem.

b. Solve the model by using the computer software and attach a screen shot of Ranging and with assignment.

Decision Variables: Objective Function:

Clock = x1 Zmax = 15x1 + 20x2 + 12x3

Radio = x2

Toaster = x3

x1 , x2 , x3 ≥ 0

Constraints:

Budget Constraint: 7x1 + 10x2 + 5x3 ≤ 2000

Labour Constraint: 2x1 + 3x2 + 2x3 ≤ 660

Demand Constraints: x1 ≤ 200, x2 ≤ 300 and x3 ≤ 150


Solution:

Ranging:

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