University of Pune- Department of Management Sciences

Feb 3rd, 2012
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206-Simulation and Optimization Questionnaire

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University of PuneDepartment of Management SciencesMBA-BT Semester IISemester End Exams April 2011206-Simulation and OptimizationQuestion Paper: 60marks. Time: 3HrsSolve any three of Question No. 1 to 5. Solve any two of Question No. 5 to 8Q1 - Q5 carries 10 marks each. Q6 - Q9 carries 15 marks each Q1) A company has decided to diversify its activities. The data collected by sales and production department is summarized below.Potential demand exist for three products A, B & C. Market can take any amount of A and C where as the share of B for this organization is expected to be not more than 400 units a month. For every unit of C produced, there will be one unit of byproduct which sells at a contribution of Rs.3 a unit and only 100 units of this by product can be sold per month. Contribution per unit of products A, B & C is expected to be Rs. 6, Rs. 8 and Rs. 4 respectively.These products require three different processes and the time required per unit product is given in the table below:| | Hours/unit| | |Process| Product A| Product B| Product C| Available hours| I| 2| 3| 1| 900|II| -| 1| 2| 600|III| 3| 2| 2| 1,200|Determine the optimum product mix for maximiz

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