Refer to Exercise 12. What will be the minimum cost?
We get the following information referring to the exercise 12:
Let us consider that the firm has X number of large vans and Y number of small vans . We have made the following table:
According to the table, the cost becomes .
When we have to minimize the cost, i.e., minimize .
The subject to the constraints are as follows:
Then divide it by 40, we get
Then divide it by 200, we get
The number of the vans that are large exceed the number of small vans
So, when we minimize cost we have to minimize, Z=400x+200y, subject to
When we convert the inequalities into equation, we get the following equation
We can see the region represented by :
The line that is when it meets the coordinate axes (6,0) and (0,15) respectively we get the desired answer. We will then join these points to obtain the line 5x+2y=30. It is clear that (0,0) does not satisfy the inequation . So the region that does not contain the origin represents the solution set of the inequation .
The region that represents :
We can see that the line meets the coordinate axes (7.5,0) and (0,15) respectively. We will have to join these points to obtain the line . It is clear that (0,0) satisfies the inequation . So the region that contains the origin represents the solution set of the inequation .
The region represented by x≤y:
Then when the line x=y is a line that passes through the origin and doesn’t touch any coordinate axes at any other point except (0,0). When we join the points we get line x=y.
Region represented by x≥0 and y≥0 is first quadrant, since every point in the first quadrant satisfies these inequations
The shaded region ABC represents the feasible region is bounded, and minimum value will occur at a corner point of the feasible region.
Now we will substitute these values in Z at each of these corner points, we get
So from the above table the minimum value of Z is at point
Hence, the minimum cost of the firm is Rs. 2571.43