Quiz 2 : Minimization of costs – Optimization of resources

Length : around 5 minutes

Based on the optimization exercise seen in the previous lesson,

« A company sells chairs and small tables which it produces using a stock of 16 wood units, 10 fabric units, and employs a worker for 40 hours of labour.

1 chair requires : 1 hour of labour, 1 wood unit, 1 fabric unit

1 table requires : 4 hours of labour, 1 wood unit.

A chair costs 15€, a table costs 30€. The goal of the company is to maximize its turnover. »

We have the following linear programme :

Maximize Z = 15NC+30NT

with    NC+NT ≤ 16
           NC ≤ 10
           NC+4NT ≤ 40
           NC ≥ 0 ; NT ≥ 0

It is possible to represent the linear programme graphically. The graphic illustrating the linear programme is the following :

Answer the questions.

What does the green line represent ?

What does the blue line represent ?

What does the red line represent ?

Where is the feasible region ? (Write the letters is lower case without spaces)

We have added iso-income lines which represent the goal functions and pass through various points of the graph. According to you, what is the solution to the model ?

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Based on the optimization exercise seen in the previous lesson,

« A company sells chairs and small tables which it produces using a stock of 16 wood units, 10 fabric units, and employs a worker for 40 hours of labour.

1 chair requires : 1 hour of labour, 1 wood unit, 1 fabric unit

1 table requires : 4 hours of labour, 1 wood unit.

A chair costs 15€, a table costs 30€. The goal of the company is to maximize its turnover. »

We have the following linear programme :

Maximize Z = 15NC+30NT

with    NC+NT ≤ 16
           NC ≤ 10
           NC+4NT ≤ 40
           NC ≥ 0 ; NT ≥ 0

It is possible to represent the linear programme graphically, then answer the questions : Click on “Start Quiz”.