Optimization Of The Operational Costs In The Production ,Supply And Demand Of Bread And Confectionaries (Bakers Inn)
- Author
- Chakuwamba, Privilege
- Title
- Optimization Of The Operational Costs In The Production ,Supply And Demand Of Bread And Confectionaries (Bakers Inn)
- Abstract
-
The research study was focused on minimization of transportation costs of supplying bread from
2 major bakers inn bakeries to different destinations in Zimbabwe .Optimization is a process that
helps businesses to improve their efficiency ,increase their productivity and enhance their
performance.It can assist businesses with their internal and external operations depending on
their inique needs. A business may use analytics that is information or data gathered from
statistical research to help them make decisions. The objectives were to determine product mix
that minimize costs and optimal routes for transportation. To meet these objectives both primary and
secondary data were used. Secondary data obtained from the finance archives was significantly used in
the Excel solver. According to the EXCEL SOLVER results, SENSITIVITY ANALYSIS is the
best report to employ for maximum or minimization solutions to optimization issues. The study's
solution makes it abundantly clear that the business should take into account the two main
factories to supply at the nearby regions in order to reduce costs, such as those incurred by the
Harare factory to Southern regions, which includes Matebeleland Province even though there is a
factory there as well. However, the factory in Bulawayo should think about increasing output to
meet demand in the areas that Harare formerly served, and Harare should also consider reducing
production and concentrating on adjacent areas. According to the findings, Harare's supply was
in excess of demand, which might also lead to waste a loss. - Date
- 2022
- Publisher
- BUSE
- Keywords
- Optimization
- Production ,Supply And Demand
- Supervisor
- Mr. Kusotera
- Item sets
- Department of Statistics and Mathematics
