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Write a note on the economic interpretation o f the dual.

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Write a note on the economic interpretation o f the dual.

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  1. Quantitative Methodsinfo@answersheets.in+91 95030-94040

  2. Quantitative Methods Q1.A manufacturer o f baby doll s makes three types o f doll s: Doll A , Doll B , and Doll C Processing o f these doll s is done on three machines , M1 , M2 and M3 . Doll A requires 2 hours on ma chine M1 and 3 hours on machine M3 .while doll C requires 5 hours on ma chine M2 and 4 hours on machine M3 . There a re 8 hours o f time per day available on Ma chine M1 , 10 hours o f time available on ma chine M2 and 15 hours o f time per day available on machine M3 , The profit gained from doll A i s R s 3 per doll , from doll B is R s 5 per doll and from doll C is R s 4 per doll .What should be the daily production o f each type o f doll s? Which ma chine(s) would be idle ac cording to this plan? By how much?

  3. Q2. Write a note on the economic interpretation o f the dual. Q3.Explain the transportation method o f solving a transportation problem . Al so give its schematic . Q4.What do you understand by an assignment problem ? Give a brief outline for solving it . Q5.Discuss the cu t ting-plane algorithm for solving integer programming problems . Q6.How would you u se Gant t Chart for solving sequencing problem? Why is it not employed for solving larger problem ?

  4. Q7.What are the relevant costs for inventory decision s? How are they obtained in real life situations?

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