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Quantitative techniques in Management Assignment

Question 1 A product is manufactured by four factories A, B, C and D. The unit production costs are Rs 2, Rs 3, Re 1 and Rs 5 respectively. Their daily production capacities are 50, 70, 30 and 50 units respectively. These factories supply product to four P, Q, R and S. The demands made by these stores are 25, 35, 105 and 20 units. Unit transportation cost in rupees from each factory to stores is given as follows:

Factory/ Stores A B C D P 2 10 13 4 Q 4 8 3 6 R 6 7 9 8 S 11 5 12 3

Determine the extent of deliveries from each factory to each store so as to minimize the total cost (production and transportation).

Question 2 A firm marketing a product has four salesmen P, Q, R and S. There are three customers A, B and C. The chance of making a sale to a customer depends on the salesman-customer rapport. The following table depicts the probability with which each of salesmen can make sale to each customer: Customer A B C P 0.7 0.5 0.3 Salesmen Q 0.4 0.8 0.9

R 0.5 0.6 0.6

S 0.8 0.7 0.2

If only one salesmen is assigned to each of the customers, what combination of salesmen and customers shall be optimal , given further that the profit obtainable by selling one unit to A is Rs 500, whereas it is , respectively, Rs 450 and 540 for sale to B and C. What is the expected profit?

Question 3 A firm uses three machines in manufacture of three products. Each unit of product A requires 3 hours on machine I, 2hours on machine II and one hour on machine III. Each unit of product B requires 4 hours on machine I, one hour on Machine II and 3 hours on Machine III, while each unit of C requires 2 hours on each of three machines. The contribution margin of the three products is Rs 30, Rs 40 and Rs 35 per unit respectively. The machine hours available on three machines are 90,54 and 93 respectively. 1. Formulate the above problem as LPP. 2. Obtain the optimal solution using simplex method. Which one of the three products should not be produced by the firm? Why? 3. Calculate the percentage capacity utilization in the optimal solution 4. What are shadow prices of the machine hours? 5. Is the optimal solution degenerate?

Question 4 Two firms A and B make color and black and white TV sets. A can make either 300 per color set in a month or an equal no of black and white sets, and make a profit of Rs 200 per color set and Rs 150 per black and white set. B can make either 600 color sets, or 300 black and white and 300 color or 600 black and white sets per month. It also has the same profit margin on the two sets. Each month there is a market for 300 color sets and 600 black and white sets and they manufactures would share market in the proportion they manufacture a particular type of set. Write payoff matrix of A . Obtain A and Bs optimal strategies and the value of the game.

Question 5 Solve the following transportation problem Supply 9 2 6 Demand 10 16 1 4 15 15 3 7 9 5 3 15 25 20

25 10

Question 6 ABC Airline, operating 7 days a week, has given the following time table. The crew must have a minimum lay-over of 5 hours between flights. Obtain the pairing of flights that minimizes the layoff over time away from home. For any pairing the crew will be based at the city that results the smallest lay-over.

HyderabadDelhi Flight No A1 A2 A3 A4

Departure 6 AM 8 AM 2PM 8 PM

Arrival 8 AM 10 AM 4 PM 10 PM

DelhiHyderabad Flight No B1 B2 B3 B4

Departure 8 AM 9 AM 2 PM 7 PM

Arrival 10 AM 11 AM 4 PM 9 PM