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CONFIDENTIAL 950/3 STPM

SMK BANDAR BARU SERI PETALING MATHEMATICS (M) PAPER 3 One and a half hours

TRIAL 2013

Instruction to candidates : DO NOT OPEN THIS QUESTION PAPER UNTIL YOU ARE TOLD TO DO SO. Answer all questions in Section A and any one question in Section B. All necessary working should be shown clearly. Scientific calculators may be used. Programmable and graphic display calculators are prohibited. A list of mathematical formulae is provided on page 4 of this question paper.

This question paper consists of 4 printed pages © SMKBBSP 2013 STPM 950/3 [ Turn over CONFIDENTIAL

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Section A [ 45 marks ] Answer all questions in this section.

1.

A RM 500 000 loan at 13 % interest rate payable semi-annually is to be repaid in 10 years. Find the semiannual expense if a) the loan is to be amortized every 6 months b) the loan is repaid through a sinking fund earning at 15 % compounded semi-annually. How much does the borrower save semi-annually by choosing the cheaper method ? i = r/m = 0.13/2 = 0.065, n = mt = 2 x 10 = 20 a) R = 500000(0.065) 1 – 1.065
-20

[ 3 marks ]

[ 4 marks ]

1m 2m

= RM 45378.20

i = r/m = 0.15/2 = 0.075, n = mt = 2 x 10 = 20 b) C = (0.065)(500000) + (0.075)(500000) = RM 44046.10 1.07520 – 1 Save RM 1332.10

1m 2m

1m

2.

A manufacturing company produces a sells tables. The cost function is given by C(x) = 4x + 120 + 4000

where x is the number of tables. The tables are sold for RM 200 each. Find : a) the total cost of producing 25 tables C(x) = 4x + 120 = 4(25) + 120( + 4000 ) + 4000 = 4700 1m [ 1 mark ]

The total cost of producing 25 tables is RM 4700.

b)

the total revenue and total profit from selling 25 tables R(x) = 200x = 200 (25) = 5000 P(x) = R(x) – C(x) = 5000 – 4700 = 300 1m

[ 3 marks ]

The total revenue from selling 25 tables is RM 5000 and the total profit from selling 25 tables is RM 300. the approximate cost of producing the 201st table. C(x) = 4x + 120 C’(x) = 4 + C’(200) = 4 + = 8.242 1m 1m CONFIDENTIAL + 4000 2m

c)

[ 2 marks ]

The approximate cost of producing the 201st table is RM 8.24.

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[ 2 marks ]

the approximate profit on the next table after 200 tables have been sold. R(x) = 200x P(x) = R(x) – C(x) = 200x – 4x – 120 = 196x – 120 P’(x) = 196 – P’(200) = 196 – = 191.758 1m – 4000

– 4000

The approximate profit on the next table after 200 tables have been sold is RM 191.76 1 m

e)

the average cost per table of 200 tables. AC = C(x) = 4(200) + 120( x = 6497.06 200 = 32.49 The average cost per table of 200 tables is RM 32.49. 1m ) + 4000 200 1m

[ 2 marks ]

3.

When using the simplex method to solve a particular linear programming problem involving two variables x and y, the initial tableau was:

a) b) c)

State the three non-trivial inequalities in x and y and state the objective function. [ 4 marks ] Apply one iteration of the simplex method. Explain how you know that the optimum point has not been reached. [ 3 marks ] [ 1 mark ]

A2

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CONFIDENTIAL 4.

4

The table shows the activities involved in a project, together with their durations. Activity A B C D E F G Preceding activity A A C, B C, B D, E Duration ( months ) 4 6 2 6 3 3 5

a)

Draw an AON network diagram, complete with earliest start time and latest start time. [ 3 marks ]

b)

Find the total floats for each activity and hence, determine the critical path. EST 0 0 4 4 6 6 10 LST 0 1 5 4 7 12 10 Total Float 0 1 1 0 1 6 0 2m Critical path is A-D-G. 1m

[ 3 marks ]

c)

The project must be completed in 1 ½ years. Do you anticipate difficulty in meeting the deadline ? Explain your answer. No. Time =15 months . 2m [ 2 marks ]

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You have to supply your customers 100 units of a certain product every Monday. You obtain the product from a local supplier at RM 60 per unit. The cost of ordering and transportation from the supplier is RM 150 per order. The cost of the carrying inventory is estimated at 15 % per year of the cost of the product carried. a) Find the lot size which will minimize the cost of the system. D = 100 units/week, Co = RM 150 per order, C = RM 60 Ch = 60 x 15 per unit per week 52 100 = RM 9/52 per unit per week Q* = = = 416.33 417 units 2m 1m [ 3 marks ]

b)

Determine the optimal cost. Optimal cost = cD + = 60(100) + = RM 6072.06 1m 1m

[ 2 marks ]

6.

Two candidates in an election must decide which city to visit the day before the November election. The same four cities – A, B, C and D – are available for both candidates. Travel plans must be made in advance, so the candidates must decide which city to visit prior to knowing the city the other candidate will visit. Values in the payoff table show thousands of voters gained by the XXX candidate based on the strategies selected by the two candidates. Candidate YYY A b1 A Candidate XXX B C D a1 a2 a3 a4 0 30 10 20 B b2 -15 -5 -25 20 C b3 -8 5 0 10 D b4 20 -10 20 15

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CONFIDENTIAL a) Which city should each candidate visit ?

6
[ 4 marks ]

Eliminate C1 :

1m

Eliminate R2 :

Eliminate C3 : Eliminate R1 : Eliminate R1 : Eliminate C1 : 1m

1m

Candidate XXX should visit city D and candidate YYY should visit city C.

1m

b)

What is the value of the game ? Value of the game is 10.

[ 1 mark ] 1m

c)

Which candidate has the advantage ? Explain your answer.

[ 2 marks ] 2m

Candidate XXX has the advantage because the value of the game is positive.

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Section B [ 15 marks ] Answer any one question in this section.

7.

For a specific product with an annual demand of 800 units, ordering cost of RM 150 per order, holding cost of RM 3, and shortage cost of RM 20, answer the following questions. Assume 250 working days per year. a) What is the difference in total annual cost between the EOQ model and the planned shortage or backorder model? EOQ : Q* = Total Cost = Backorder : Q* = S* = Q*
=

[ 7 marks ] = + = = 282.84 + 283 units 1m

= RM 424.27 + RM 424.26 = RM 848.53 1 m

= 303.32 = 39.56

= 303.32 40

304

1m 1m

Total Cost = Ordering Cost + Holding Cost + Backorder cost = = Co + 150 + Ch + Cb 3 + 20 1m 1m 1m

= RM 395.62 + RM 344.04 + RM 51.60 = RM 791.26 Difference in total annual cost = RM 848.53 - RM 791.26 = RM 57.27

b) What is the conclusion you can make from your answer in (a) ? Allowing backorders reduces total cost.

[ 1 mark ]

c)

If the lead time for new orders is 20 days for the inventory system discussed above, find the reorder point for both the EOQ and the backorder models. Interpret your answers. EOQ : l = 20 , r = dl =
= 64 1m

[ 4 marks ]

An order should be placed when the inventory level is 64 units. Backorder : r = dl – S* =
– 39.56 = 24.44

1m 1m 1m

25

An order should be placed when the inventory level is 25 units.

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[ 3 marks ]

d) Sketch a graph of inventory level as a function of time for the EOQ model. N* =
t* = = = = 2.83

3 orders 89 days 1m

= 88.39

Q 283 2m t 89 178 267

a) If no more than 25 % of the units can be backordered and that no customer will have to wait more than 15 days for an order, should the backorder inventory policy be adopted? 25 % x 800 = 200. Number of backorders = 40 units. 40 < 200 t* = = = 94.79 95 days [ 2 marks ]

8. Player II A A Player I B C 4 6 5 B 7 3 4

a) Determine the play-safe strategy for Player I. Player II A A Player I B C 4 6 5 B 7 3 4 4 3 4 Max{min} = 4 Min

[ 2 marks ]

1m

Play-safe strategy for Player I is Strategy A & C.

1m

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[ 7 marks ]

b) Use a graphical method to determine the optimal mixed-strategy for Player II. 3 x 2 matrix has to be inverted to 2 x 3 matrix. Player I A Player II B C 1m

Let p = probability that Player II chooses strategy A. 1 – p = probability that Player II chooses strategy B. Strategy of Player I A B C Expected gain of Player II y1 : -4p – 7(1 – p) = 3p – 7 y2 : -6p – 3(1 – p) = -3p – 3 y3 : -5p – 4(1 – p) = –p – 4 1m Expected gain

3 2 1 0 -1 -2 -3 -4 -5 -6
-7

p

y1 y3 1m y2 2m

Maximin : 3p – 7 = –3p – 3 6p = 4 p = 2/3 Strategy Player II : ( 2/3, 1/3 ) 1m 1m

c) What is the value of the game ? Value of the game = 3p – 7 = 3(2/3) – 7 = -5 1m

[ 1 mark ] CONFIDENTIAL

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[ 5 marks ]

d) Determine the optimal mixed-strategy for Player I. Expected loss for Player I : -4q1 – 6q2 – 5q3 = -5 -7q1 – 3q2 – 4q3 = -5 q1 + q2 + q3 = 1 From the graph, maximin does not touch y3 . Delete y3 : q3 = 0 -4q1 – 6q2 = -5 ……………. (1) -7q1 – 3q2 = -5 …………… (2) q1 + q2 = 1 (2) x 2 : (4) – (1) : …………… (3)

-14q1 – 6q2 = -10 …………… (4) -10q1 = -5 q1 = 1/2 q2 = 1/2

Strategy Player I : ( ½, 1/2, 0 )

MATHEMATICAL FORMULAE

Effective interest rate, r eff = ( 1 + i )n – 1

Future value of an annuity, A =

Present value of an annuity, P =

For basic EOQ model, Q* =

For EOQ model with planned shortages, Q* =

END OF QUESTION PAPER

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