Applying Linear Programming for Profit Maximization in Furniture Production

Linear programming can be effectively applied to solve practical business problems, including maximizing profits in furniture production. This paper aims to use the simplex method of linear programming to find the optimal production mix of dining tables, chairs, sofa sets, dressing tables, shoe racks, and beds that maximizes profit while adhering to limitations on materials like wood, fabric, paint, Sun mica, stuffing, accessories and labor cost per unit. The goal is to achieve maximum profit with minimal investment. This method is highly effective in optimizing linear objectives, making it ideal for profit maximization. Key findings indicate the production levels needed to achieve maximum profitability, offering actionable insights for balancing material usage with revenue goals. The conclusions emphasize the importance of linear programming in operational decision-making, demonstrating its potential to enhance profit margins in retail and manufacturing sectors facing similar resource limitations.

Institutions

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-10-23
DOI
https://doi.org/10.5281/zenodo.15054433
Primary Topic
Libraries and Information Services
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Applying Linear Programming for Profit Maximization in Furniture Production

Zenodo (CERN European Organization for Nuclear Research)
Libraries and Information Services
article

Applying Linear Programming for Profit Maximization in Furniture Production

article en

Abstract

Linear programming can be effectively applied to solve practical business problems, including maximizing profits in furniture production. This paper aims to use the simplex method of linear programming to find the optimal production mix of dining tables, chairs, sofa sets, dressing tables, shoe racks, and beds that maximizes profit while adhering to limitations on materials like wood, fabric, paint, Sun mica, stuffing, accessories and labor cost per unit. The goal is to achieve maximum profit with minimal investment. This method is highly effective in optimizing linear objectives, making it ideal for profit maximization. Key findings indicate the production levels needed to achieve maximum profitability, offering actionable insights for balancing material usage with revenue goals. The conclusions emphasize the importance of linear programming in operational decision-making, demonstrating its potential to enhance profit margins in retail and manufacturing sectors facing similar resource limitations.

Zenodo (CERN European Organization for Nuclear Research)
Career Point University (IN)
Decent work and economic growth
Openalex Percentile: Top 32%
Libraries and Information Services
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.

Applying Linear Programming for Profit Maximization in Furniture Production · Zenodo (CERN European Organization for Nuclear Research) (2024) | TGRS Research Map | TGRS