On Optimal Product-mix for Profit Optimization of Sharks Bakery Company
P. N. Ezra, L. O. Agbo, C. A. Okonta, J. C. Nzekwe
Asian Research Journal of Mathematics · pp. 1–8 · Published 1 Feb 2023
10.9734/arjom/2023/v19i2639Abstract
In this paper, linear programming model was applied to Sharks bread Production Company to determine the right product-mix and quantities that maximize the company’s daily profit. The data collected on the products and resources were analyzed. The result showed that 30 loaves of coconut, 411 loaves of fruit, 50 loaves of almond and 270 loaves of wheat bread maximize the company’s profit. Furthermore, the sensitivity analysis showed the lower and upper limits (of both per unit profits and resources) within which the optimal profit of the company is maintained.
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