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Since the farmer earns $5,000 for each acre of wheat and
$3,000 for each acre of barley,
The Equation will be:
p = 5000x + 3000y
x + y <= 8
X
Y
0
8
8
0
2x + y <= 10
X
Y
0
10
5
0
x >= 0
y >= 0
x = 0 is a vertical line that is the same line as the y-axis.
y = 0 is a horizontal line that is the same line as the x-axis.
The area of the graph that satisfies all the constraints is the
region of feasibility.
The maximum or minimum solutions to the problem will be at
the intersection points of the lines that bound the region of
feasibility.
The graph is shown in the next page using the graph paper.
The region of feasibility is the shaded area of the graph.
You can see from this graph that the region of feasibility is
bounded by the following (x,y) coordinate points:
(0,0)
(0,8)
(2,6)
(5,0)
The point (0,0) is the intersection of the line x-axis with the y-axis.
The point (0,8) is the intersection of the line y = 8 - x with the yaxis.
The point (5,0) is the intersection of the line y = 10 - 2x with the xaxis.
The point (2,6) is the intersection of the line y = 8 - x with the line
y = 10 - 2x.
p = 5000x + 3000y
Profit will be maximum at the intersection points of the region of
feasibility on the graph.
The profit equation is evaluated at each of these points as shown
in the following table.
PROFIT
(0,0)
$0
(0,8)
$24,000
(2,6)
$28,000
(5,0)
$25,000
Conclusion
Optimal point is the highest point or point that creates the best
conditions. If the quantity you want to optimize (here, profit) and
the constraint conditions (more on them later) are linear, then the
problem can be solved using a special organization called linear
programming. Linear programming enables industries and
companies to find optimal solutions to economic decisions.
Generally, this means maximizing profits and minimizing costs.
Linear programming is most commonly seen in operations
research because it provides a best solution, while considering
all the constraints of the situation. Constraints are limitations, and
may suggest, for example, how much is the farmer can make
profit of a wheat and barley in how much time.
MANAGEMENT SCIENCE
(BATCH 9)
Prepared By :
NAVINDRAN (1200692)
GOBINATHAN (1100609)
THANES (1100606)
TISHALINI (1100612)
Prepared For :
Ms.BARATHI