Let’s take x an y to be the number of models of bike produced by the manufacturer.
From the question we have,
Model x takes
man-hours to make per unit
Model y takes
man-hours to make per unit
Total man-hours available =
So,
….. (i)
The handling and marketing cost of model x and y are Rs
and Rs
respectively.
And, the total funds available is Rs
per week
So,
… (ii)
And,
Now, the total profit (Z) per unit of models x and y are Rs
and Rs
repectively
⇒
Hence, the required LPP is
Maximize
subject to the constraints
Now, let’s construct a constrain table for the above:
Next, on solving equation (i) and (ii) we get
After plotting all the constraint equations, we observe that the feasible region is OABC, whose corner points are
On evaluating the value of Z, we get
Therefore, from the above table it’s seen that the maximum profit is Rs
.
The maximum profit can be achieved by producing
bikes of model x and
bikes of model Y or by producing
bikes of model x.