Sustainable Accounting and Strategic Management- Linear Programming Problem
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Added on 2019-11-26
Sustainable Accounting and Strategic Management- Linear Programming Problem
Added on 2019-11-26
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Sustainable Accounting andStrategic ManagementLinear Programming ProblemStudent Id[Pick the date]
Question 3 1.Linear Programming Problem Give data and information has been summarized below.The manufacturing costs related to the three types of Dotti jackets are given below:It has been given that all three types of jackets go through the same type of manufacturing processes. The time required for each process step and the total monthly hours available are highlighted below:1
Formulation of linear programming model AimThe aim is to formulate the linear programming model to determine the optimal mix of the jackets that should be manufactured to maximize the profit margin. Table to show the profit margin of each of the jackets is shown below:Assumption Letx=Unitproducedofbikerjacketsy=Unitproducedofbomberjacketsz=UnitproducedofDenimjacketsModel Objective function MaxP=18x+15.27y+12.25zSubject to constraints0.3x+0.25y+0.2z≤11000.15x+0.15y+0.1z≤6000.35x+0.35y+0.25z≤15000.1x+0.1y+0.1z≤5002
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