ES 84

(Real-world problem/application which can be solved using numerical methods)

CALAPIZ, Jebien May DAJAO, Demie Mae GARCIA, Christina LABADAN, Menchie LADERA, Gerewin Ed LONGAKIT, Pleides Faith TABAAG, Darlyn

LAB 3

APPLICATION OF NUMERICAL METHODS (BUSINESS) CASE STUDY PROBLEM

Way back in the year 80s, a merchant in Butuan has three items on sale, namely a radio for Php50.00, a clock for Php30.00, and a flashlight for Php1.00. At the end of his usual days, he often solds a total of 100 of the three items and takes exactly Php1000.00 from his sales. The merchant then thought and wished to increase his earning by increasing his supplies. He has noticed a 4:1:20 percentage ratio between his items, i.e. the radio, clock and flashlight respectively, on his records, in which he too found out would give the same digit (4) if the mentioned percentage ratio is multiplied to its respective item. If the merchant also discovered that the constant digit is directly proportional to his earning factor. i.e. twice his earning makes the number 8, how many of each product does he need to purchase for his stocks to double his earnings? How many of each item did he usually able to put on the market?

Five months later, a new store nearby had opened and had sold the same in demand products causing a threat to the merchants industry. If the competitor takes away half of the merchants sales, then how many of each of the merchants products was then sold? The total time it takes the merchant to sell his products is determined by the function F(T). Find the selling rate of each item given the following parameters:
TIME (hrs) T(1/2) (for half earnings) T (for regular sales) T(2) (for double earnings) Function, F(T)

F(T(1/2))= 1.83334 F()= 2.57833 F(T(2))= 11.975

where Tx= the selling rate of radio Ty=the selling rate of clock Tz=the selling rate of flashlight

F(T(1/2))= (1.5x) Tx + (y^2) Ty (z /10) Tz F()= (x/16) Tx + (y+1) Ty + (o.0333z) Tz F(T(2))=(0.10x) Tx + (y) Ty + (z/12) Tz

III. OBJECTIVE To solve the real-world problem on business such as the query on the number of items sold and the selling rates with respect to the entrepreneurs earnings using numerical methods specifically that of the simultaneous linear equations, LU and Gauss Seidel.

IV. HYPOTHESIS Given the parameters and conditions of the merchants production. we say that the earnings are directly proportional to the number of items to be sold. As such, the number of items being sold determines the selling rate of each product, respectively.

V. METHODOLOGY Analysis : First, solve for the number of each item sold at normal sales, double earnings and at half of his earnings when a competitor arrived 5 months after. Then we have :

Let x be the number of radio Let y be the number of clock Let Z be the number of flashlight

@ usual sales/earnings , T x + y + z =100 50x + 30y + z =1000 x + (1)y + 1/20 z = 3(4) -- 0.25x + y + 0.05z =12

@ double earnings , T(2) x + y + z =100(2) -- >x + y +z = 200 50x + 30y + z =1000(2) -- > 50x + 30y + z = 2000 x + (1)y + 1/20 z = 3(8)-- 0.25x + y + 0.05z =24

@ half earnings, T(1/2) x + y + z =100(1/2) -- >x + y +z = 50 50x + 30y + z =1000(1/2) -- > 50x + 30y + z = 500 x + (1)y + 1/20 z = 3(2) 4) -- 0.25x + y + 0.05z =6

>solving the respective x, y,z at each earning (using LU), we have the results: @ usual sales/earnings , T x= 16 , y=4 , z=80

@ double earnings , T(2) x= 32 , 16 , y=8 , z=160 @ half earnings, T(1/2) x= 8 , 16 , y=4 , 4 , z=40 Then after which, proceed to determining the selling rate Tx, Ty, and Tz using the given parameters through the simultaneous linear equations,Gauss Seidel.

Given the following functions for each earnings: F(T(1/2))= (1.5x) Tx + (y^2) Ty (z /10) Tz F()= (x/16) Tx + (y+1) Ty + (o.0333z) Tz F(T(2))=(0.10x) Tx + (y) Ty + (z/12) Tz We substitute the solved values for x,y, and z for the respective cases of earnings, we then have: @ half earnings, T(1/2) F(T(1/2))=12Tx + 4Ty 4Tz 1.83334=12Tx + 4Ty 4Tz @ usual sales/earnings , T F()= Tx + 5Ty + 2.6664 Tz 2.57833= Tx + 5Ty + 2.6664 Tz @ double earnings , T(2) F(T(2))= 3.2 Tx + 8Ty + 13.33 Tz 11.975= 3.2 Tx + 8Ty + 13.33 Tz Now, we have another set of linear equations for the selling rates of the radio,clock and flashlight respectively. We solve Tx, T y, and Tz using Gauss seidel.

VI. RESULTS AND DISCUSSIONS Solving the respective x, y,z at each earning (using LU), we have the results: @ usual sales/earnings , T

@ double earnings , T(2)

@ half earnings, T(1/2)

Determining the selling rate Tx, Ty, and Tz using the given parameters through the simultaneous linear equations,Gauss Seidel, we have :

SUMMARY OF RESULTS Solving the respective x, y,z at each earning (using LU), we have the results: @ usual sales/earnings , T x= 16 radios, y=4 clocks and z=80 flashlights @ double earnings , T(2) x= 32radios, y= 16 clocks, z=160 flashlights @ half earnings, T(1/2) x= 8 radios , y= 2 clocks, z= 40 flashlights

Determining the selling rate Tx, Ty, and Tz using the given parameters through the simultaneous linear equations,Gauss Seidel, we have : Tx= 0.4137756, Err.x= 0.0000020, Ty=0.0100158, Err. y= 0.0000036, Tz=0.7930076 Err. z= 0.0000003

TCCWC

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