Quantitative Analysis for Business Course Homeworks

A company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 available hours. Each product requires 10 hours of processing time on line 1, while on line 2 product 1 requires 7 hours and product 2 requires 3 hours. The profit for product 1 is $6 per unit, and the profit for product 2 is $4 per unit.

a. Formulate a linear programming model for this problem.

b. Solve this model by using a graphical analysis

The Kalo Fertilizer Company makes a fertilizer using two chemicals that provide nitrogen, phosphate, and potassium. A pound of ingredient I contributes 10 ounces of nitrogen and 6 ounces of phosphate, while a pound of ingredient 2 contributed 2 ounces of nitrogen, 6 ounces of phosphate, and 1 ounce of potassium. Ingredient 1 costs $3 per pound, and ingredient 2 costs $ 5 per pound. The company wants to know how many pounds of each chemical ingredient to put into a bag of fertilizer to meet the minimum requirements of 20 ounces of nitrogen, 36 ounces of phosphate, and 2 ounces of potassium while minimizing cost.

· Formulate a linear programming model for this problem.

· Solve this model by using graphical analysis.

and so on upto Homework 12