Session 3- Lesson Material
Session 3- Lesson Material
Management Science
Shanika Kumarasinghe
Lecturer (Probationary)
Department of Commerce
a. Search method
b. Iso- profit or Iso-cost function method
c. Slope comparison method
Subject to;
3X + 3X < 90
1 2 (Raw materials-Kgs)
2X + 4X < 80
1 2 (Labour-Hrs)
Subject to;
2X + 3X < 60
1 2 (Raw materials-Kgs)
4X + 3X < 96
1 2 (Labour-Hrs)
4X + 3.5 X < 105
1 2 (Packaging hours)
Feasible solution
Space: ABCDEF
How to find Optimum Solution? The solution is
x1 = 3 and x2 = 1.5 with z = 5 * 3 + 4 * 1.5
= 21.
This calls for a daily product mix of 3
tons of exterior paint and 1.5 tons of
interior paint. The associated daily profit
is 21,000.
A minimization model Example
Minimize Z = 6X 1 + 3X 2
Subject to,
2X1 + 4X > 2 16
4X1 + 3X > 2 24
X1 + X2 > 0
Example 3
Minimize Z = 40X1 + 24X2 (Total Cost)
Subject to,
X1 + X2 > 0
Exercise
• A firm uses lathes, milling machines and grinding machines to produce two machine parts.
Following table shows the machining time required for each part, the machining time available
on different machines and the profit on each machine part.
Type of machine Machining time required for the machine Maximum time
part (min) available per week
I II (min)
Lathes 12 6 3000
Milling 4 10 2000
Grinding 2 3 900
Profit per unit (Rs) 40 100
Find the number of parts I and II to be manufactured per week to maximize the profit.
Iso-profit or Iso-cost function method
• Iso-profit or cost function line indicates identical profit or cost each point
along that line. This line can be constructed by using the objective function
of the problem. By substituting values for Z of the objective function Iso-
profit function can be constructed starting from the origin of the graph.
• Optimum point
- Maximization problem – when the Iso-profit line touches the extreme right
hand side of the feasible region.
- Minimization problem- When the Iso-cost line touches the first point of
feasible region.
Example 4
Maximize Z = 40X + 50X
1 2 (Total Profit)
Subject to;
3X + 3X < 90
1 2 (Raw materials-Kgs)
2X + 4X < 80
1 2 (Labour-Hrs)
X1 + X2 > 0
Special cases of linear programming problems