Beruflich Dokumente
Kultur Dokumente
Arrangement of mn elements in m
rows and n columns is called mxn
matrix
Application of Matrices
• Study of Births and Deaths
• Input-Output Analysis
• Design of Experiments
• Multivariate Analysis
Types of Matrices
• Rectangular Matrix: number of rows and columns unequal
• Square Matrix: number of rows and columns equal
• Horizontal Matrix: number of columns more than number of
rows
Products
Markets A B C
I 8000 10000 15000
II 10000 2000 20000
• If unit sale prices of A, B and C are Rs 2.25, Rs 1.50 and Rs 1.75 respectively,
find the total revenue in each market with the help of matrices.
• If the unit costs of the above three products are Rs 1.60, Rs 1.20 and Rs 0.90
respectively, find the gross profit with the help of matrices
Solution
2.25
• Total Revenue 8000 10000 15000
59250
1.50
10000 2000 20000 60500
1 . 75
2.25 1.6
8000 10000 15000 20950
1.50 1.20
• Total gross profit 10000 2000 20000 1.75 0.9
24100
Brand Switching Problem
• In a brand switching problem, the transition
matrix is given by 0.5 0.4 0.1
0.2 0.7 0.1
0.1 0.2 0.7
• If the market share vector at nth stage is
[0.4 0.3 0.3], what will be the market share
vector in the (n+1)th stage?
• Also calculate the market share in equilibrium
condition.
Solution
• The market share vector in the (n+1)th stage
• At equilibrium state
0.5 0.4 0.1
P1 P2 P2 0.2 0.7 0.1 P1 P2 P2
0.1 0.2 0.7
• 0.5P1+0.2P2+0.1(1-P1-P2)=P1 (1)
0.4P1+0.7P2+0.2(1-P1-P2)=P2 (2)
0.1P1+0.1P2+0.7P3=P3 (3)
• P1 =0.25, P2=0.5, P3=0.25
Brand Switching Problem
• Suppose there are two products of brand A and B
respectively. Let each of these brands have exactly 50%
of the total market share in same period and let the
market be of fixed size. The transition matrix is given
below:
A0.9 0.1
B 0.5 0.5
From
Division 1675
District 875
Taluq 625 31
• The total basic monthly salary of each offices
taken together
Division 1675
District 875 5 30 200 159625
Division District Taluq 13
Taluq 625 31
Solving simultaneous equation
• A firm produces two products P1 and P2 passing through two
machines M1 and M2 before completion.M1 can produce
either 10 units of P1or 15 units of P2 per hour. M2 can
produce15 units of either product per hour. Find daily
production of P1 and P2 if time available is 12 hours on
machine M1 and 10 hours on machine M2 per day, using
matrix inversion.
• Let daily production of P1 and P2 be x and y respectively
x/10+y/15= 12
x/15+y/15=10
x=60, y=90
• The prices (in Rs) of three X, Y and Z are x, y, z per unit
respectively. A purchases 4 units of Z and sells 3 units of X and 5
units of Y. B purchases 3 units of Y and sells 2 units of X and 1 unit
of Z, C purchases 1 unit of X and 4 units of Y and sells 6 units of Z.
In the process, A, B and C earn Rs 6000, Rs 5000, and Rs 13000.
Using matrices, find the prices of the three commodities.
• 3x+5y-4z=6000, 2x-3y+z=5000, -x+4y+6z=13000
3 5 4 x 6000
2 3 1 y 5000
1 4 6 z 13000
1
x 3 5 4 6000
y 2 3 1 5000
z 1 4 6 13000
0 .1457 0 .3046 0 .0464 6000 3000
0 .0861 0 .0927 0 .0728 5000 1000
0 .0331 0 .1126 0 .1258 2000 13000
Input-Output Analysis
To Sector 1 Sector 2 Sector 3 Final Total output
From Demand
• Since determinant is positive and diagonal elements are non-zero. So the system is
viable. The total output of steel and coal will be
• .
• Total labour requirement
•
•