A firm produces three products. These products are processed on three different machines. The time required to manufacture one unit of each of the three products and the daily capacity of the three machines are given in the table below:
Machine | Time per unit (in minutes) of product-1 | Time per unit (in minutes) of product-2 | Time per unit (in minutes) of product-3 | Machine capacity (minutes/day) |
M1 | 2 | 3 | 2 | 440 |
M2 | 4 | - | 3 | 470 |
M2 | 2 | 5 | - | 430 |
It is required to determine the daily number of units to be manufactured for each product. The profit per unit for product
1,2 and
3 is Rs.
4, Rs.
3 and Rs.
6 respectively. It is assumed that all the amounts produced are consumed in the market. Formulate the mathematical(L.P) model that will maximize the daily profit.