Profit Maximisation in Food Production (Bakers Inn Bread) Using Linear Programming
- Author
- Mhako, Byro. S
- Title
-
Profit Maximisation in Food Production (Bakers Inn Bread) Using Linear Programming
- Abstract
-
This work utilized the concept of Simplex algorithm; an aspect of linear programing to allocate
raw materials to competing variables (big, short-long, medium, and small bread) in Bakers inn bread for the purpose of profit maximization. The objectives of this research project were, to create a type of linear programming for production of Bakers Inn Bread, to identify the best response to the formulated model, to create an effective strategy for the business that will yield the most return and to use quantitative analysis to improve the company's performance and success. Secondary data for the period May 2023 was used, and it was collected of the firm’s data base. The analysis was carried out and the result showed small loaf, big, and medium size in order to make a profit of 150 USD per batch of production and it was observed that medium loaf, contribute objectively to the profit. From the results I obtained I recommend that baker inn bread produces only all three types of bread because it is the only one that is contributing to maximum profits of the brand
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Profit Maximisation
- Supervisor
- N/A
- Item sets
- Department of Statistics and Mathematics
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