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Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sell them at Rs. 2,000 per kg and Rs. 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue.Their constraints are as follows: (i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, and (ii) the respective state regulations restrict Shveta's production of a to less than 20 kg per day and Ashok's production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold.The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is thousand Rupees (round off to 2 decimal places)10 |
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Answer» Two business owners Shveta and Ashok run their businesses in two different states. Each of them, independent of the other, produces two products A and B, sell them at Rs. 2,000 per kg and Rs. 3,000 per kg, respectively, and uses Linear Programming to determine the optimal quantity of A and B to maximize their respective daily revenue. Their constraints are as follows: (i) for each business owner, the production process is such that the daily production of A has to be at least as much as B, and the upper limit for production of B is 10 kg per day, and (ii) the respective state regulations restrict Shveta's production of a to less than 20 kg per day and Ashok's production of A to less than 15 kg per day. The demand of both A and B in both the states is very high and everything produced is sold. The absolute value of the difference in daily (optimal) revenue of Shveta and Ashok is thousand Rupees (round off to 2 decimal places)
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