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Business Analytics · Quiz 2 · 16 Mar 2025 · January 2025 term

Question 6: (The following comprehension is purely imaginary)\ “FUNKY…

Question 6

+1 markNumerical answer

(The following comprehension is purely imaginary)
“FUNKY” is a compay that manufactures purses, shoes and backpacks. The construction of the three products requires leather and synthetic material, with leather being the limiting raw material. The production process uses two types of skilled labour: Sewing and Polishing. Table-2 gives the availability of the resources, the usage in the three products and the profits per unit.

ResourceResource requirements per unitDaily availability of resource
PurseShoesBackpacks
Leather (in feet)21342
Sewing (in Hours)21240
Polishing (in Hours)12142
Profit (in Rs./unit)242245--

Table-2

Given the above information, formulate the problem as a linear program to maximize the profit and answer the subquestions.

Excluding the non-negativity constraint, how many (count of) constraints are present in the standard form of the primal?

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Correct answer: 3

Question 6 of 21 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD2 16 Mar 2025). It carries 1 mark.

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