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Practice Questions On MD LPP MOF

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41 views

Practice Questions On MD LPP MOF

Uploaded by

tanveersinghdhooria
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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PRACTICE QUESTIONS- set 1

Q1.

A carpenter has started a workshop in which he manufactures handcarts. Each consists of a frame
and two wheels. A frame used 3 hours and a wheel 2 hours of labour of which 90 hours per week are
available. The carpenter wants that he should manufacture at least 10 carts during a week. The cost
of frame is ₹500 and that of wheels ₹200. Formulate this as a linear programming model and using
SIMPLEX method, determine an optimal production plan.

Q2.

A company produces three products every day. Their total production on a certain day is 90 kgs. It is
found that the production of first product exceeds the production of second product by 20 kg while
the total production of first and second product is twice the production of third product. Determine
the production level of each product using matrix algebra.

Q3.

(a) A company wishes to invest in a machine that will yield an income stream of 1200 per year
for the next 8 years. If money is worth 8% p.a. effective, find the price at which investment in
this machine is worthwhile?
(b) Mr. Y has two investment options-either at 10% p.a. compounded semi-annually or 9.5% p.a.
compounded quarterly. Which option is preferable and why?
(c) How long will it take for ₹15000 to become ₹25,000 if it is invested at 6% p.a. compounded
semi-annually.
(d) A man requires `20,00,000 to purchases a house after 5 years. He has an opportunity to
invest the funds in an account which can earn 6% p.a. compounded quarterly. Find how
much must be deposited in each quarter to have the required amount at the end of 5 years.
(e) A person borrows 2,50,000 at 9% compounded annually to be repayable in 8 equated
annual instalments at the end of each year.
1. How much should be paid by him to settle the account every year.
2. What is the interest payment included in 6th installment.
3. How much principal is paid in 6th installment.
4. At the time of 6th instalment is due, the individual elects to pay off the entire loan. How much
should be paid by him to settle the account?

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