Application Of Linear Programming In Profit Maximization Using Simplex Algorithm

54 pages Chapters 5 ID: STS0078

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Project Details

DepartmentStatistic
TypeProject
Pages54
Chapters5
MethodologyStatistical Analysis
Reference StyleYES
FormatMS Word & PDF
Reference No.STS0078

Abstract

ABSTARCTThe major aim of this study is to express the viability of statistical procedures in making decisions of production, using the linear programming approach in detecting the best possible decision. The effective use of liner programming has been scarcely used by managers and hence, this study tends to explore the application of linear programming on production companies. The data used were obtained from Our Choice Bakery, Benin City. The computer approach of the excel solver was used in analyzing the data to determine the best decision on what quantity of product to produce to maximize p…

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