SlideShare a Scribd company logo
MB106
QUANTITATIVE TECHNIQUES
MODULE I
LECTURE 1
Linear Programming: Introduction, Formulating minimization problems
PROF. KRISHNA ROY
LINEAR PROGRAMMING
•Linear Programming deals with the
optimization(maximization/minimization) of a
function of variables known as OBJECTIVE
FUNCTION
•Subject to a set of linear equalities and/or
inequalities known as CONSTRAINTS
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 2
LINEAR PROGRAMMING can be used when…
•A well defined objective function which must either
be maximized or minimized exists.
•Objective can be expressed as a linear function of
decision variables.
•Constraints on the extent of achievement of
objectives exists.
•Constraints should be linear equalities or
inequalities
•Decision variables should be non-negative.
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 3
formulation of LINEAR PROGRAMMING model –a minimization
problem
• A company has two grades of inspectors 1 and 2 to
undertake quality control inspection. At least 1500 pieces
must be inspected in an 8 hour day. Grade 1 inspector
can check 20 pieces in an hour with an accuracy of 96%.
Grade 2 inspector checks 14 pieces an hour with an
accuracy of 92%. The daily wages of grade 1 inspector are
Rs. 5/- per hour while those of grade 2 inspector are Rs.
4/- per hour. An error made by an inspector costs Rs. 3/-
to the company. If there are 10 grade 1 inspectors and 15
grade 2 inspectors, in all, find the optimal assignment of
inspectors that minimize the daily inspection cost.
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 4
formulation of LINEAR PROGRAMMING model –the solution(objective
function)
•To find: number of grade 1 and 2 inspectors
• Let x1 be the number of grade 1 inspectors
• Let x2 be the number of grade 2 inspectors
• Therefore x1 ≥ 0, x2 ≥ 0 non-negativity constraints
• The objective-Minimization of daily inspection cost
• Cost of grade 1 inspector per hourRs(5+3x0.04x20)=Rs. 7.40
• Cost of grade 2 inspector per hourRs(4+3x0.08x14)=Rs. 7.36
• Therefore the objective function is
Minimize Z=8(7.40 x1 +7.36 x2)=59.20 x1 +58.88 x2
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 5
formulation of LINEAR PROGRAMMING model –the
solution(constraints)
• x1≤10 number of grade 1 inspectors
• x2≤15 number of grade 2 inspectors
• 20x8 x1 +14x8 x2 ≥ 1500 or 160x1 +112x2 ≥ 1500
pieces inspected daily
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 6
formulation of LINEAR PROGRAMMING model –the model
Minimize Z=59.20 x1 +58.88 x2
Subject to
x1 ≥ 0, x2 ≥ 0 non-negativity constraints
x1≤10 number of grade 1 inspectors
x2≤15 number of grade 2 inspectors
160x1 +112x2 ≥ 1500 pieces inspected daily
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 7
VIDEO LINKS…….
https://www.youtube.com/watch?v=40sCRtM5xkg&
feature=youtu.be
https://www.youtube.com/watch?v=hXbi59tKHbE&f
eature=youtu.be
09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 8
QUIZ LINK…….
https://docs.google.com/forms/d/e/1FAIpQLSdXmUF2OukJkSl2kjTZmri27d_
SR9tktrA4JHvbNAoLqy6CFA/viewform?usp=sf_link
• Till we meet again in the next class……….
PROF. KRISHNA ROY, FMS, BCREC 9
09-11-2021

More Related Content

What's hot

Mb 106 quantitative techniques 15
Mb 106 quantitative techniques 15Mb 106 quantitative techniques 15
Mb 106 quantitative techniques 15
KrishnaRoy45
 
Mb 106 quantitative techniques 14
Mb 106 quantitative techniques 14Mb 106 quantitative techniques 14
Mb 106 quantitative techniques 14
KrishnaRoy45
 
Mb 106 quantitative techniques 10
Mb 106 quantitative techniques 10Mb 106 quantitative techniques 10
Mb 106 quantitative techniques 10
KrishnaRoy45
 
Mb 106 quantitative techniques 12
Mb 106 quantitative techniques 12Mb 106 quantitative techniques 12
Mb 106 quantitative techniques 12
KrishnaRoy45
 
Mb 106 quantitative techniques 5
Mb 106 quantitative techniques 5Mb 106 quantitative techniques 5
Mb 106 quantitative techniques 5
KrishnaRoy45
 
Mb 106 quantitative techniques 13
Mb 106 quantitative techniques 13Mb 106 quantitative techniques 13
Mb 106 quantitative techniques 13
KrishnaRoy45
 
Mb 106 quantitative techniques 17
Mb 106 quantitative techniques 17 Mb 106 quantitative techniques 17
Mb 106 quantitative techniques 17
KrishnaRoy45
 
Mb 106 quantitative techniques 16
Mb 106 quantitative techniques 16Mb 106 quantitative techniques 16
Mb 106 quantitative techniques 16
KrishnaRoy45
 
Goal programming 2011
Goal programming 2011Goal programming 2011
Goal programming 2011chaitu87
 
Dual formulation example
Dual formulation exampleDual formulation example
Dual formulation example
Anurag Srivastava
 
Chapter 4 Simplex Method ppt
Chapter 4  Simplex Method pptChapter 4  Simplex Method ppt
Chapter 4 Simplex Method ppt
Dereje Tigabu
 
Ms(transp.transship,assign) (1)
Ms(transp.transship,assign) (1)Ms(transp.transship,assign) (1)
Ms(transp.transship,assign) (1)
kongara
 
Artificial Variable Technique –
Artificial Variable Technique –Artificial Variable Technique –
Artificial Variable Technique –itsvineeth209
 
Vogel's Approximation Method
Vogel's Approximation MethodVogel's Approximation Method
Vogel's Approximation Method
UsharaniRavikumar
 
Rsh qam11 ch09 ge
Rsh qam11 ch09 geRsh qam11 ch09 ge
Rsh qam11 ch09 ge
Firas Husseini
 
Math
MathMath
transhipment problem
transhipment problem transhipment problem
transhipment problem
neha singh
 
North West Corner Method
North West Corner MethodNorth West Corner Method
North West Corner Method
UsharaniRavikumar
 
Unit.3. duality and sensetivity analisis
Unit.3. duality and sensetivity analisisUnit.3. duality and sensetivity analisis
Unit.3. duality and sensetivity analisis
DagnaygebawGoshme
 

What's hot (20)

Mb 106 quantitative techniques 15
Mb 106 quantitative techniques 15Mb 106 quantitative techniques 15
Mb 106 quantitative techniques 15
 
Mb 106 quantitative techniques 14
Mb 106 quantitative techniques 14Mb 106 quantitative techniques 14
Mb 106 quantitative techniques 14
 
Mb 106 quantitative techniques 10
Mb 106 quantitative techniques 10Mb 106 quantitative techniques 10
Mb 106 quantitative techniques 10
 
Mb 106 quantitative techniques 12
Mb 106 quantitative techniques 12Mb 106 quantitative techniques 12
Mb 106 quantitative techniques 12
 
Mb 106 quantitative techniques 5
Mb 106 quantitative techniques 5Mb 106 quantitative techniques 5
Mb 106 quantitative techniques 5
 
Mb 106 quantitative techniques 13
Mb 106 quantitative techniques 13Mb 106 quantitative techniques 13
Mb 106 quantitative techniques 13
 
Mb 106 quantitative techniques 17
Mb 106 quantitative techniques 17 Mb 106 quantitative techniques 17
Mb 106 quantitative techniques 17
 
Mb 106 quantitative techniques 16
Mb 106 quantitative techniques 16Mb 106 quantitative techniques 16
Mb 106 quantitative techniques 16
 
Goal programming 2011
Goal programming 2011Goal programming 2011
Goal programming 2011
 
Dual formulation example
Dual formulation exampleDual formulation example
Dual formulation example
 
Chapter 4 Simplex Method ppt
Chapter 4  Simplex Method pptChapter 4  Simplex Method ppt
Chapter 4 Simplex Method ppt
 
OR II.ppt
OR II.pptOR II.ppt
OR II.ppt
 
Ms(transp.transship,assign) (1)
Ms(transp.transship,assign) (1)Ms(transp.transship,assign) (1)
Ms(transp.transship,assign) (1)
 
Artificial Variable Technique –
Artificial Variable Technique –Artificial Variable Technique –
Artificial Variable Technique –
 
Vogel's Approximation Method
Vogel's Approximation MethodVogel's Approximation Method
Vogel's Approximation Method
 
Rsh qam11 ch09 ge
Rsh qam11 ch09 geRsh qam11 ch09 ge
Rsh qam11 ch09 ge
 
Math
MathMath
Math
 
transhipment problem
transhipment problem transhipment problem
transhipment problem
 
North West Corner Method
North West Corner MethodNorth West Corner Method
North West Corner Method
 
Unit.3. duality and sensetivity analisis
Unit.3. duality and sensetivity analisisUnit.3. duality and sensetivity analisis
Unit.3. duality and sensetivity analisis
 

Similar to Mb 106 quantitative techniques 1

Multi-Objective Cross-Project Defect Prediction
Multi-Objective Cross-Project Defect PredictionMulti-Objective Cross-Project Defect Prediction
Multi-Objective Cross-Project Defect Prediction
Sebastiano Panichella
 
7 new qc tools
7 new qc tools7 new qc tools
7 new qc tools
Paul Robere
 
CompEng - Lec01 - Introduction To Optimum Design.pdf
CompEng - Lec01 - Introduction To Optimum Design.pdfCompEng - Lec01 - Introduction To Optimum Design.pdf
CompEng - Lec01 - Introduction To Optimum Design.pdf
nooreldeenmagdy2
 
Mba i ot unit-1.1_linear programming
Mba i ot unit-1.1_linear programmingMba i ot unit-1.1_linear programming
Mba i ot unit-1.1_linear programming
Rai University
 
Software_effort_estimation for Software engineering.pdf
Software_effort_estimation for Software engineering.pdfSoftware_effort_estimation for Software engineering.pdf
Software_effort_estimation for Software engineering.pdf
snehan789
 
Design of Experiments
Design of ExperimentsDesign of Experiments
Design of Experiments
Ronald Shewchuk
 
20220914-MBT-Experiences-SB1-final.pptx
20220914-MBT-Experiences-SB1-final.pptx20220914-MBT-Experiences-SB1-final.pptx
20220914-MBT-Experiences-SB1-final.pptx
Minh Nguyen
 
MiL Testing of Highly Configurable Continuous Controllers
MiL Testing of Highly Configurable Continuous ControllersMiL Testing of Highly Configurable Continuous Controllers
MiL Testing of Highly Configurable Continuous ControllersLionel Briand
 
CHAPTER TWO - OPERATIONS RESEARCH (2).pptx
CHAPTER TWO - OPERATIONS RESEARCH (2).pptxCHAPTER TWO - OPERATIONS RESEARCH (2).pptx
CHAPTER TWO - OPERATIONS RESEARCH (2).pptx
AynetuTerefe2
 
Linear programing
Linear programing Linear programing
Linear programing
Deepak Pradhan
 
Software Quality Assurance
Software Quality AssuranceSoftware Quality Assurance
Software Quality Assurance
Rohana K Amarakoon
 
Process Quality Control Training
Process Quality Control TrainingProcess Quality Control Training
Process Quality Control Training
Doruem Dominic Nwagbaraocha
 
[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...
[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...
[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...
Jihun Park
 
A sensitivity analysis of contribution-based cooperative co-evolutionary algo...
A sensitivity analysis of contribution-based cooperative co-evolutionary algo...A sensitivity analysis of contribution-based cooperative co-evolutionary algo...
A sensitivity analysis of contribution-based cooperative co-evolutionary algo...
Borhan Kazimipour
 
Cocomo model
Cocomo modelCocomo model
Cocomo model
Baskarkncet
 
Se unit 4
Se unit 4Se unit 4
Se unit 4
abdulsubhan44
 
Metrics
MetricsMetrics
Metrics
geethawilliam
 
DOE in Pharmaceutical and Analytical QbD.
DOE in  Pharmaceutical and Analytical QbD.DOE in  Pharmaceutical and Analytical QbD.
DOE in Pharmaceutical and Analytical QbD.
SALMA RASHID SHAIKH
 

Similar to Mb 106 quantitative techniques 1 (20)

Multi-Objective Cross-Project Defect Prediction
Multi-Objective Cross-Project Defect PredictionMulti-Objective Cross-Project Defect Prediction
Multi-Objective Cross-Project Defect Prediction
 
7 new qc tools
7 new qc tools7 new qc tools
7 new qc tools
 
CompEng - Lec01 - Introduction To Optimum Design.pdf
CompEng - Lec01 - Introduction To Optimum Design.pdfCompEng - Lec01 - Introduction To Optimum Design.pdf
CompEng - Lec01 - Introduction To Optimum Design.pdf
 
Mba i ot unit-1.1_linear programming
Mba i ot unit-1.1_linear programmingMba i ot unit-1.1_linear programming
Mba i ot unit-1.1_linear programming
 
Software_effort_estimation for Software engineering.pdf
Software_effort_estimation for Software engineering.pdfSoftware_effort_estimation for Software engineering.pdf
Software_effort_estimation for Software engineering.pdf
 
Design of Experiments
Design of ExperimentsDesign of Experiments
Design of Experiments
 
20220914-MBT-Experiences-SB1-final.pptx
20220914-MBT-Experiences-SB1-final.pptx20220914-MBT-Experiences-SB1-final.pptx
20220914-MBT-Experiences-SB1-final.pptx
 
08 project quality management
08 project quality management08 project quality management
08 project quality management
 
MiL Testing of Highly Configurable Continuous Controllers
MiL Testing of Highly Configurable Continuous ControllersMiL Testing of Highly Configurable Continuous Controllers
MiL Testing of Highly Configurable Continuous Controllers
 
CHAPTER TWO - OPERATIONS RESEARCH (2).pptx
CHAPTER TWO - OPERATIONS RESEARCH (2).pptxCHAPTER TWO - OPERATIONS RESEARCH (2).pptx
CHAPTER TWO - OPERATIONS RESEARCH (2).pptx
 
Linear programing
Linear programing Linear programing
Linear programing
 
Software Quality Assurance
Software Quality AssuranceSoftware Quality Assurance
Software Quality Assurance
 
Process Quality Control Training
Process Quality Control TrainingProcess Quality Control Training
Process Quality Control Training
 
[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...
[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...
[SEKE 2014] Practical Human Resource Allocation in Software Projects Using Ge...
 
Unit 6
Unit 6Unit 6
Unit 6
 
A sensitivity analysis of contribution-based cooperative co-evolutionary algo...
A sensitivity analysis of contribution-based cooperative co-evolutionary algo...A sensitivity analysis of contribution-based cooperative co-evolutionary algo...
A sensitivity analysis of contribution-based cooperative co-evolutionary algo...
 
Cocomo model
Cocomo modelCocomo model
Cocomo model
 
Se unit 4
Se unit 4Se unit 4
Se unit 4
 
Metrics
MetricsMetrics
Metrics
 
DOE in Pharmaceutical and Analytical QbD.
DOE in  Pharmaceutical and Analytical QbD.DOE in  Pharmaceutical and Analytical QbD.
DOE in Pharmaceutical and Analytical QbD.
 

More from KrishnaRoy45

MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptxMIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptx
KrishnaRoy45
 
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptxMIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptx
KrishnaRoy45
 
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptxMIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 17.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  17.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  17.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 17.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 15&16.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  15&16.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  15&16.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 15&16.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptx
KrishnaRoy45
 
MB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptx
MB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptxMB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptx
MB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 19.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  19.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  19.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 19.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 13&14.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  13&14.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  13&14.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 13&14.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptx
KrishnaRoy45
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 18.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  18.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  18.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 18.pptx
KrishnaRoy45
 
MB 103 business communication 5_6.pptx
MB 103 business communication 5_6.pptxMB 103 business communication 5_6.pptx
MB 103 business communication 5_6.pptx
KrishnaRoy45
 
MB 103 business communication 7_8.pptx
MB 103 business communication 7_8.pptxMB 103 business communication 7_8.pptx
MB 103 business communication 7_8.pptx
KrishnaRoy45
 
MB 103 business communication 3_4.pptx
MB 103 business communication 3_4.pptxMB 103 business communication 3_4.pptx
MB 103 business communication 3_4.pptx
KrishnaRoy45
 
MB 103 business communication 9_10.pptx
MB 103 business communication 9_10.pptxMB 103 business communication 9_10.pptx
MB 103 business communication 9_10.pptx
KrishnaRoy45
 
MB 103 business communication 2.pptx
MB 103 business communication 2.pptxMB 103 business communication 2.pptx
MB 103 business communication 2.pptx
KrishnaRoy45
 

More from KrishnaRoy45 (20)

MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptxMIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 10,11&12.pptx
 
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptxMIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 2&3.pptx
 
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptxMIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptx
MIS 301 RELATIONAL DATABASE MANAGEMENT SYSTEM 1.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 17.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  17.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  17.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 17.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 15&16.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  15&16.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  15&16.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 15&16.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 6&7.pptx
 
MB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptx
MB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptxMB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptx
MB301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 9&10.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 5.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 11&12.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 19.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  19.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  19.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 19.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 3.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 13&14.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  13&14.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  13&14.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 13&14.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 1.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 2.pptx
 
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 18.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  18.pptxMB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT  18.pptx
MB 301 ENTREPRENEURSHIP & PROJECT MANAGEMENT 18.pptx
 
MB 103 business communication 5_6.pptx
MB 103 business communication 5_6.pptxMB 103 business communication 5_6.pptx
MB 103 business communication 5_6.pptx
 
MB 103 business communication 7_8.pptx
MB 103 business communication 7_8.pptxMB 103 business communication 7_8.pptx
MB 103 business communication 7_8.pptx
 
MB 103 business communication 3_4.pptx
MB 103 business communication 3_4.pptxMB 103 business communication 3_4.pptx
MB 103 business communication 3_4.pptx
 
MB 103 business communication 9_10.pptx
MB 103 business communication 9_10.pptxMB 103 business communication 9_10.pptx
MB 103 business communication 9_10.pptx
 
MB 103 business communication 2.pptx
MB 103 business communication 2.pptxMB 103 business communication 2.pptx
MB 103 business communication 2.pptx
 

Recently uploaded

一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理
一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理
一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理
slg6lamcq
 
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...
Timothy Spann
 
The Building Blocks of QuestDB, a Time Series Database
The Building Blocks of QuestDB, a Time Series DatabaseThe Building Blocks of QuestDB, a Time Series Database
The Building Blocks of QuestDB, a Time Series Database
javier ramirez
 
一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理
一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理
一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理
oz8q3jxlp
 
Criminal IP - Threat Hunting Webinar.pdf
Criminal IP - Threat Hunting Webinar.pdfCriminal IP - Threat Hunting Webinar.pdf
Criminal IP - Threat Hunting Webinar.pdf
Criminal IP
 
一比一原版(NYU毕业证)纽约大学毕业证成绩单
一比一原版(NYU毕业证)纽约大学毕业证成绩单一比一原版(NYU毕业证)纽约大学毕业证成绩单
一比一原版(NYU毕业证)纽约大学毕业证成绩单
ewymefz
 
Data_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptx
Data_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptxData_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptx
Data_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptx
AnirbanRoy608946
 
做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样
做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样
做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样
axoqas
 
Ch03-Managing the Object-Oriented Information Systems Project a.pdf
Ch03-Managing the Object-Oriented Information Systems Project a.pdfCh03-Managing the Object-Oriented Information Systems Project a.pdf
Ch03-Managing the Object-Oriented Information Systems Project a.pdf
haila53
 
一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理
一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理
一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理
g4dpvqap0
 
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...
2023240532
 
Machine learning and optimization techniques for electrical drives.pptx
Machine learning and optimization techniques for electrical drives.pptxMachine learning and optimization techniques for electrical drives.pptx
Machine learning and optimization techniques for electrical drives.pptx
balafet
 
Adjusting OpenMP PageRank : SHORT REPORT / NOTES
Adjusting OpenMP PageRank : SHORT REPORT / NOTESAdjusting OpenMP PageRank : SHORT REPORT / NOTES
Adjusting OpenMP PageRank : SHORT REPORT / NOTES
Subhajit Sahu
 
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
pchutichetpong
 
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...
Subhajit Sahu
 
原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样
原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样
原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样
u86oixdj
 
一比一原版(UniSA毕业证书)南澳大学毕业证如何办理
一比一原版(UniSA毕业证书)南澳大学毕业证如何办理一比一原版(UniSA毕业证书)南澳大学毕业证如何办理
一比一原版(UniSA毕业证书)南澳大学毕业证如何办理
slg6lamcq
 
一比一原版(CBU毕业证)卡普顿大学毕业证如何办理
一比一原版(CBU毕业证)卡普顿大学毕业证如何办理一比一原版(CBU毕业证)卡普顿大学毕业证如何办理
一比一原版(CBU毕业证)卡普顿大学毕业证如何办理
ahzuo
 
Q1’2024 Update: MYCI’s Leap Year Rebound
Q1’2024 Update: MYCI’s Leap Year ReboundQ1’2024 Update: MYCI’s Leap Year Rebound
Q1’2024 Update: MYCI’s Leap Year Rebound
Oppotus
 
Influence of Marketing Strategy and Market Competition on Business Plan
Influence of Marketing Strategy and Market Competition on Business PlanInfluence of Marketing Strategy and Market Competition on Business Plan
Influence of Marketing Strategy and Market Competition on Business Plan
jerlynmaetalle
 

Recently uploaded (20)

一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理
一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理
一比一原版(Adelaide毕业证书)阿德莱德大学毕业证如何办理
 
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Dat...
 
The Building Blocks of QuestDB, a Time Series Database
The Building Blocks of QuestDB, a Time Series DatabaseThe Building Blocks of QuestDB, a Time Series Database
The Building Blocks of QuestDB, a Time Series Database
 
一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理
一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理
一比一原版(Deakin毕业证书)迪肯大学毕业证如何办理
 
Criminal IP - Threat Hunting Webinar.pdf
Criminal IP - Threat Hunting Webinar.pdfCriminal IP - Threat Hunting Webinar.pdf
Criminal IP - Threat Hunting Webinar.pdf
 
一比一原版(NYU毕业证)纽约大学毕业证成绩单
一比一原版(NYU毕业证)纽约大学毕业证成绩单一比一原版(NYU毕业证)纽约大学毕业证成绩单
一比一原版(NYU毕业证)纽约大学毕业证成绩单
 
Data_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptx
Data_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptxData_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptx
Data_and_Analytics_Essentials_Architect_an_Analytics_Platform.pptx
 
做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样
做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样
做(mqu毕业证书)麦考瑞大学毕业证硕士文凭证书学费发票原版一模一样
 
Ch03-Managing the Object-Oriented Information Systems Project a.pdf
Ch03-Managing the Object-Oriented Information Systems Project a.pdfCh03-Managing the Object-Oriented Information Systems Project a.pdf
Ch03-Managing the Object-Oriented Information Systems Project a.pdf
 
一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理
一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理
一比一原版(爱大毕业证书)爱丁堡大学毕业证如何办理
 
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...
Quantitative Data AnalysisReliability Analysis (Cronbach Alpha) Common Method...
 
Machine learning and optimization techniques for electrical drives.pptx
Machine learning and optimization techniques for electrical drives.pptxMachine learning and optimization techniques for electrical drives.pptx
Machine learning and optimization techniques for electrical drives.pptx
 
Adjusting OpenMP PageRank : SHORT REPORT / NOTES
Adjusting OpenMP PageRank : SHORT REPORT / NOTESAdjusting OpenMP PageRank : SHORT REPORT / NOTES
Adjusting OpenMP PageRank : SHORT REPORT / NOTES
 
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
 
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...
Levelwise PageRank with Loop-Based Dead End Handling Strategy : SHORT REPORT ...
 
原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样
原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样
原版制作(Deakin毕业证书)迪肯大学毕业证学位证一模一样
 
一比一原版(UniSA毕业证书)南澳大学毕业证如何办理
一比一原版(UniSA毕业证书)南澳大学毕业证如何办理一比一原版(UniSA毕业证书)南澳大学毕业证如何办理
一比一原版(UniSA毕业证书)南澳大学毕业证如何办理
 
一比一原版(CBU毕业证)卡普顿大学毕业证如何办理
一比一原版(CBU毕业证)卡普顿大学毕业证如何办理一比一原版(CBU毕业证)卡普顿大学毕业证如何办理
一比一原版(CBU毕业证)卡普顿大学毕业证如何办理
 
Q1’2024 Update: MYCI’s Leap Year Rebound
Q1’2024 Update: MYCI’s Leap Year ReboundQ1’2024 Update: MYCI’s Leap Year Rebound
Q1’2024 Update: MYCI’s Leap Year Rebound
 
Influence of Marketing Strategy and Market Competition on Business Plan
Influence of Marketing Strategy and Market Competition on Business PlanInfluence of Marketing Strategy and Market Competition on Business Plan
Influence of Marketing Strategy and Market Competition on Business Plan
 

Mb 106 quantitative techniques 1

  • 1. MB106 QUANTITATIVE TECHNIQUES MODULE I LECTURE 1 Linear Programming: Introduction, Formulating minimization problems PROF. KRISHNA ROY
  • 2. LINEAR PROGRAMMING •Linear Programming deals with the optimization(maximization/minimization) of a function of variables known as OBJECTIVE FUNCTION •Subject to a set of linear equalities and/or inequalities known as CONSTRAINTS 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 2
  • 3. LINEAR PROGRAMMING can be used when… •A well defined objective function which must either be maximized or minimized exists. •Objective can be expressed as a linear function of decision variables. •Constraints on the extent of achievement of objectives exists. •Constraints should be linear equalities or inequalities •Decision variables should be non-negative. 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 3
  • 4. formulation of LINEAR PROGRAMMING model –a minimization problem • A company has two grades of inspectors 1 and 2 to undertake quality control inspection. At least 1500 pieces must be inspected in an 8 hour day. Grade 1 inspector can check 20 pieces in an hour with an accuracy of 96%. Grade 2 inspector checks 14 pieces an hour with an accuracy of 92%. The daily wages of grade 1 inspector are Rs. 5/- per hour while those of grade 2 inspector are Rs. 4/- per hour. An error made by an inspector costs Rs. 3/- to the company. If there are 10 grade 1 inspectors and 15 grade 2 inspectors, in all, find the optimal assignment of inspectors that minimize the daily inspection cost. 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 4
  • 5. formulation of LINEAR PROGRAMMING model –the solution(objective function) •To find: number of grade 1 and 2 inspectors • Let x1 be the number of grade 1 inspectors • Let x2 be the number of grade 2 inspectors • Therefore x1 ≥ 0, x2 ≥ 0 non-negativity constraints • The objective-Minimization of daily inspection cost • Cost of grade 1 inspector per hourRs(5+3x0.04x20)=Rs. 7.40 • Cost of grade 2 inspector per hourRs(4+3x0.08x14)=Rs. 7.36 • Therefore the objective function is Minimize Z=8(7.40 x1 +7.36 x2)=59.20 x1 +58.88 x2 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 5
  • 6. formulation of LINEAR PROGRAMMING model –the solution(constraints) • x1≤10 number of grade 1 inspectors • x2≤15 number of grade 2 inspectors • 20x8 x1 +14x8 x2 ≥ 1500 or 160x1 +112x2 ≥ 1500 pieces inspected daily 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 6
  • 7. formulation of LINEAR PROGRAMMING model –the model Minimize Z=59.20 x1 +58.88 x2 Subject to x1 ≥ 0, x2 ≥ 0 non-negativity constraints x1≤10 number of grade 1 inspectors x2≤15 number of grade 2 inspectors 160x1 +112x2 ≥ 1500 pieces inspected daily 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 7
  • 8. VIDEO LINKS……. https://www.youtube.com/watch?v=40sCRtM5xkg& feature=youtu.be https://www.youtube.com/watch?v=hXbi59tKHbE&f eature=youtu.be 09-11-2021 Prof. Krishna Roy, Dr. B. C. Roy Engineering College 8 QUIZ LINK……. https://docs.google.com/forms/d/e/1FAIpQLSdXmUF2OukJkSl2kjTZmri27d_ SR9tktrA4JHvbNAoLqy6CFA/viewform?usp=sf_link
  • 9. • Till we meet again in the next class………. PROF. KRISHNA ROY, FMS, BCREC 9 09-11-2021