- 8 Marks
QT – May 2017 – L1 – Q4b – Linear Programming
Formulate a linear programming model for maximizing profit.
Question
Managers within a subsidiary company in a conglomerate want to know how to maximize profit from two types of products, X and Y. Each product X requires one hour of labor and six liters of molding material, whereas each product Y requires two hours of labor and five liters of molding material. The total labor hours available for each week is 40, and the total amount of molding material each week is 150 liters. The profit contribution from product X is GH¢20 and from product Y is GH¢30.
Required:
Formulate the linear programming model for the problem.
Find Related Questions by Tags, levels, etc.
- Tags: Linear Programming, Model Formulation, Profit Maximization
- Level: Level 1
- Topic: Linear Programming
- Series: MAY 2017
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