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Presentedby: Guruvayur Maharana Rahul Singhania Soumya Ranjan Das Abhay Gupta

Problem

A company produces two types of hats. Every hat A require twice as much labour time as the second hat B. If the company procures only hat B then it can produce a total of 500 hats a day. The market limits daily sales of the hat A and B of 150 and 250 hats. The profits on hat A and B are Rs. 8 and Rs. 5 respectively. Solve graphically to get the optimal solution.

Solution

Here let x1 and x2 be the no. of units of type A and type B hats respectively. The objective function is: Max Z = 8x1 + 5x2 1 Subject to: 2x1 + x2 <=500 x1 <=150 x2 <=250 x1,x2 >=0

2 3 4

First rewrite the inequalities of the constraints into an equation and plot the lines in the graph. 2x1 + x2 = 500 passes through (0,500)(250,0) x1 = 150 passes through (150,0) x2 = 250 passes through (0,250)

Thus, OABCD is the feasible region.

The point B can be found out by solving eq.2 & eq.3, so we get point B=(150,200)

The point C can be found out by solving eq.2 & eq.4, so we get point C=(125,250)

Now as we have all the corner points we substitute it in the objective function Corner Points O(0,0) A(150,0) B(150,200) C(125,250) D(0,250) Value of Z = 8x1 + 5x2 0 1200 2200 2250 (Max Z) 1250

Therefore the maximum value of Z is attained at C(125,250). Thus the optimal solution is x1=125 and x2=250. Thus, the company has to produce 125 hats of type A and 250 hats of type B

Problem

Solve Graphically: Minimize Z= 6x1 + 14x2 Subject to 5x1 + 4x2>= 60 3x1 + 7x2<= 84 x1 + 2x2>= 18 x1,x2>= 0

Solution

Minimize Subject to Z= 6x1 + 14x2 5x1 + 4x2>= 60 3x1 + 7x2<= 84 x1 + 2x2>= 18 x1,x2>= 0 ..1 2 3 4

First rewrite the inequalities of the constraints into an equation and plot the lines in the graph. 5x1 + 4x2 = 60 passes through(0,15)&(12,0) 3x1 + 7x2 = 84 passes through(28,0)&(0,12) x1 + 2x2 = 18 passes through(18,0)&(0,9) Thus, ABCD is the feasible region.

The point C can be found out by solving eq.2 & eq.3, so we get point C=(84/23,240/23)

The point D can be found out by solving eq.2 & eq.4, so we get point D=(18,5)

Now as we have all the corner points we substitute it in the objective function. Corner Points A(18,0) B(28,0) C(84/23,240/23) D(8,5) Value of Z = 6x1 + 14x2 108 (Min Z) 168 168 118

Therefore the minimum value of Z is attained at A(18,0). Thus the optimal solution is x1=18 and x2=0.

Problem

A retired person wants to invest upto an amount of Rs. 30,000 in fixed income securities. His broker recommends investing in two bonds: Bond A yielding 7% and Bond B yielding 10%. After some consideration he decides to invest at most Rs. 12,000 in Bond B and atleast Rs. 6,000 in Bond A. He also wants the amount invested in Bond A to be atleast equal to the amount invested in Bond B. What should the broker recommend if the investor wants to maximize his return on investment? Solve graphically.

Solution

Let x1 & x2 be the amt. invested in Bond A & Bond B respectively. Thus, we have Max Z = 0.07x1 + 0.10x2 Subject to x1 + x2<= 30,000 x1 >= 6,000 x2<= 12,000 x1 x2>=0 x1, x2>=0

1 ..2 .3 .4 .5

First rewrite the inequalities of the constraints into an equation and plot the lines in the graph.

x1 + x2 = 30,000 x1 = 6,000 x2 = 12,000 x1 x2 = 0

passes through(30000,0)(0,30000) passes through(6000,0) passes through(0,12000)

Thus, the feasible region is ABCDE

The point B can be found out by solving eq.5 & eq.3, so we get point B=(6000,6000) The point C can be found out by solving eq.5 & eq.4, so we get point C=(12000,12000) The point D can be found out by solving eq.2 & eq.4, so we get point D=(18000,12000)

Now as we have all the corner points we substitute it in the objective function. Corner Points Value of Z = 0.07x1 + 0.1x2 A(6000,0) 420 B(6000,6000) 1020 C(12000,12000) 2040 D(18000,12000) 2460 (Max Z) E(30000,0) 2100

Therefore the minimum value of Z is attained at D(18000,12000) Thus the optimal solution is x1=18,000 and x2=12,000.

Unbounded Problem

Solve Graphically: Maximize Z= 3x1 + 5x2 Subject to 2x1 + x2>= 7 x1 + x2>= 61 x1 + 3x2>= 9 x1,x2>= 0

.1 ..2 ..3 4

First rewrite the inequalities of the constraints into an equation and plot the lines in the graph. 2x1 + x2 = 7 x1 + x2 = 6 x1 + 3x2 = 9 passes through(0,7)&(3.5,0) passes through(0,6)&(6,0) passes through(9,0)&(0,3)

Thus, ABCD is the corner points.

8

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7 6

A 0,7

4 3

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C 4 5,1 5

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1

¡

D 9,0

1

2

3

4

5

6

7

8

9 x1 + 3x2>=9

2x1 + x2>=7

2

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5

B 1,5

x1 + x2>=6

The point B can be found out by solving eq.3 & eq.4, so we get point B=(1,5) The point C can be found out by solving eq.5 & eq.4, so we get point C=(4.5,1.5)

Now as we have all the corner points we substitute it in the objective function. Corner Points A(0,7) B(1,5) C(4.5,1.5) D(9,0) Value of Z = 3x1 + 5x2 35 (Max Z) 28 21 27

The value of the objective function at the corner points A,B,C & D are 35, 28, 21 & 27. But there exists an infinite number of points in the feasible region where the values of the objective function is more than the values at these four points. Thus, it follows that the maximum values of the objective function occurs at the point at infinity and hence the problem has an unbound solution.

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