Green Vehicle Inc., manufactures electric cars and small delivery trucks. It has just opened a new factory where the C1 car and
the T1 truck can both be manufactured. To make either vehicle, processing in the assembly shop and in the paint shop are required. It takes 1/40 of a day and 1/60 of a day to paint a truck of type T1 and a car of type C1 in the paint shop, respectively. It takes 1/50 of a day to assemble either type of vehicle in the assembly shop. A T1 truck and a C1 car yield profits of $ 325 and $ 250, respectively, per vehicle sold. The aim of the objective function for Green Vehicle Inc. should be to Maximize the objective value. The optimum solution is: Number of trucks to be produced per day = nothing (round your response to two decimal places).
1 answer:
Answer and Explanation:
(a)
Variables are given as follows
Total number of cars, C1
Total number of trucks, T1
(b)
Our aim is to maximize the total profit of Green Vehicle Inc.
Max z = 300T1 + 220T1
(c)
In this question, we have limitations, which are
0.025T1 + 0.017C1 ≤ 1
0.020T1 + 0.020C1 ≤ 1
hence attached below are the excel solutions to the problem
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Answer:
Variance of the return = 0.01983
Explanation:
= Σ
/ N - 1
Mean return = 17.88% + -5.16% + 20.39% = 11.0367%
Variance = [(17.88% - 11.0367%)2 + (-5.16% - 11.0367%)2 + (20.39% - 11.0367%)2] /(3 - 1)
Variance = [0.004683 + 0.026233 + 0.008748]/2
Variance = 0.01983