On the use of Linear Programming Model Approach in Profit Optimization of a Product Mix Company

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dc.contributor.authorGarba, Mohammed Kabir
dc.contributor.authorBanjoko, Alabi Waheed
dc.contributor.authorYahya, Waheed Babatunde
dc.contributor.authorGatta, Nusirat Funmilayo
dc.date.accessioned2021-10-12T12:00:34Z
dc.date.available2021-10-12T12:00:34Z
dc.date.issued2020-04-25
dc.description.abstractThis study employed the utilization of a slack starting solution approach of the Simplex Optimization method to build a Linear Programming (LP) model. Data were extracted from the record unit for an item blend fabricating industry, Fortunate Bakery, Ilorin, Nigeria. The information was collected on four noteworthy sorts of bread produced by the bakery which includes; Special Delight (SD), Ordinary Slice Bread (OSB), Ordinary Gala (OG) and Saloon (S) regarding their unit costs and selling prices, the raw materials utilized and the amount of each of the crude materials held in stock every day. In view of the data supplied, a linear programming problem was developed with the goal of maximizing the daily profit of the organization. The optimal daily profit that would be achievable to the organization in the item blend was resolved utilizing the methodology specified earlier. The results showed that the organization would achieve ideal daily profit level of ₦ 9,500 (or monthly profit level of ₦285,000) if she concentrates on the production of type alone is given to the unit offers of Saloon bread and disregard other lines of items produced by the company. By this, aggregate daily offers of about 380 (or monthly offers of about 11,400) units of Saloon bread would be sold by the organization. The data analyses were carried out USING Tora software package.en_US
dc.identifier.issn2409-0263
dc.identifier.issn2409-0263
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/6600
dc.language.isoenen_US
dc.publisherIslamic University Multidisciplinary Journal (IUMJ), Ugandaen_US
dc.relation.ispartofseries7;2
dc.subjectObjective Functionen_US
dc.subjectProduct Mixen_US
dc.subjectConstraintsen_US
dc.subjectLPen_US
dc.subjectSlack Variableen_US
dc.subjectToraen_US
dc.titleOn the use of Linear Programming Model Approach in Profit Optimization of a Product Mix Companyen_US
dc.typeArticleen_US

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