Business
Business, 15.10.2020 05:01, lanakay2006

Joy leather, a manufacturer of leather products, makes three types of belts A, B and C which are processed on three machines M1,M2and M3. Belt A requires 2hours on M1, 3hiurs on M2, 2hours on M3. Belt B requires 3hours on M1, 2hours on M2 and 2hours on M3. Belt C requires 5hours on M1, 4hours on M2 and 4hours on M3.These are 8hours of time per days available on machines M1, 10hours of per days available on machines M2,15 hours of time per days available on machines M3. The profits gained from belt A is birr 3per unit, From belt B is birr 5 per unit, From belt C is birr 4 per unit. What should be the daily production of each type of belt so that the profit is maximum? A) Formulate the problem as LPM
B) solve LPM using simplex algorithm
C) interpret the shadow prices.

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