Answer & Explanation:I am trying to find out what is the best way to find out how to maximize profit. The file has the question.
question_1a_gba.docx
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Question 1
Keppel is a local precision engineering manufacturer that specialised in manufacturing complex
special process components for Oil & Gas and Aerospace Industries. Keppel has 4 main product
family: Gas Lift Valves, Dummy Valves, Orifice Valves and Safety Valve. All four products require
performance test and reliability test before they can be shipped to customers.
A total of 2,880 minutes of performance test time and 1,680 minutes of reliability testing time are
available next week. Keppel planner has provided the possible market demand (maximum and
minimum sales) for each product type. Also, total gas lift valve produced should not exceed 30% of
the total production for all four product family, while total production for Dummy and Safety valve
to should account for at least 25% of the total production. Table 1: Profile of Valve Type
(a) Develop a linear programming problem to determine how many pieces of each product family
the company should make next week to maximize the company’s profit.
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