Application Of Linear Programming For Profit Maximization In Vegas Restaurant And Bakery Using Simplex Method

This paper aims to apply linear programming for profit maximization in a Vegas Restaurant and Bakery using the Simplex method. This study was carried out to seek the optimal solution for the bakery that will maximize its monthly profit. Data was collected as extracts from the records on different types of bread packages adopted in the company. Survey data is analyzed to determine the decision -making style and define the problem. A linear programming model is developed for profit maximization and the model equations are solved using the Atozmath.com solver. Results revealed that the company makes a monthly profit of N979,030 and that Milk bread, Sardine bread, wheat bread, and Banana bread contributed objectively to the maximum profit. Hence, the firm should produce more of these types of bread and sold to maximize the company’s profit. Sensitivity analysis was also performed.

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Publication Details

Journal
Afrischolar Discovery
Published
2024-10-13
DOI
https://doi.org/10.60787/jnamp.v68no1.419
Primary Topic
Optimization and Mathematical Programming
Type
article
Field-Weighted Citation Impact
0.00
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article

Application Of Linear Programming For Profit Maximization In Vegas Restaurant And Bakery Using Simplex Method

Afrischolar Discovery
Optimization and Mathematical Programming
article

Application Of Linear Programming For Profit Maximization In Vegas Restaurant And Bakery Using Simplex Method

article en

Abstract

This paper aims to apply linear programming for profit maximization in a Vegas Restaurant and Bakery using the Simplex method. This study was carried out to seek the optimal solution for the bakery that will maximize its monthly profit. Data was collected as extracts from the records on different types of bread packages adopted in the company. Survey data is analyzed to determine the decision -making style and define the problem. A linear programming model is developed for profit maximization and the model equations are solved using the Atozmath.com solver. Results revealed that the company makes a monthly profit of N979,030 and that Milk bread, Sardine bread, wheat bread, and Banana bread contributed objectively to the maximum profit. Hence, the firm should produce more of these types of bread and sold to maximize the company’s profit. Sensitivity analysis was also performed.

Afrischolar Discovery
Ebonyi State University (NG)
Peace, Justice and strong institutions
Openalex Percentile: Top 58%
Optimization and Mathematical Programming
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