Linear Programming is a scientific method used for obtaining and determine the most optimal solution for a problem with given constraints. This technique is useful for guidance of a quantitative decision-making in different fields such as business planning, industrial engineering, production firm and to the extent of social and physical sciences. This research examines the application of linear programming to determine the product(s) that maximize(s) the profit of WHAO Beverages Nig. Ltd. The data used for this research is a secondary data obtained from the company. The method used to analyze the data is a revised simplex method of a linear programming. The findings in this research was able to formulate mathematical model for the research problem; determine the product that will yield the maximum profit for the company; and know the quantity of this product that will give this profit. Data obtained from the company undergoes two iterations, whose analysis shows that the squash drinks maximize the profit of the company at the second iteration. The quantity of SQUASH Drinks that gave the maximum profit of 264 units produced and the maximum profit of the company (WHAO Beverages Nig. Ltd.) was #2200.83.
| Published in | American Journal of Applied Mathematics (Volume 10, Issue 3) |
| DOI | 10.11648/j.ajam.20221003.11 |
| Page(s) | 86-92 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2022. Published by Science Publishing Group |
Linear Programming, Simplex Method, Maximization, Resources, Business, Portfolio, Decision-Makers, Optimization
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APA Style
Oladimeji Olanrewaju Adedipupo, Lasisi Taiwo Abideen, Ogunbanwo Tolulope Samson, Fadare Ayodeji, Oluborode Kayode Oladipupo. (2022). Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd. American Journal of Applied Mathematics, 10(3), 86-92. https://doi.org/10.11648/j.ajam.20221003.11
ACS Style
Oladimeji Olanrewaju Adedipupo; Lasisi Taiwo Abideen; Ogunbanwo Tolulope Samson; Fadare Ayodeji; Oluborode Kayode Oladipupo. Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd. Am. J. Appl. Math. 2022, 10(3), 86-92. doi: 10.11648/j.ajam.20221003.11
AMA Style
Oladimeji Olanrewaju Adedipupo, Lasisi Taiwo Abideen, Ogunbanwo Tolulope Samson, Fadare Ayodeji, Oluborode Kayode Oladipupo. Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd. Am J Appl Math. 2022;10(3):86-92. doi: 10.11648/j.ajam.20221003.11
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Download@article{10.11648/j.ajam.20221003.11,
author = {Oladimeji Olanrewaju Adedipupo and Lasisi Taiwo Abideen and Ogunbanwo Tolulope Samson and Fadare Ayodeji and Oluborode Kayode Oladipupo},
title = {Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd},
journal = {American Journal of Applied Mathematics},
volume = {10},
number = {3},
pages = {86-92},
doi = {10.11648/j.ajam.20221003.11},
url = {https://doi.org/10.11648/j.ajam.20221003.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajam.20221003.11},
abstract = {Linear Programming is a scientific method used for obtaining and determine the most optimal solution for a problem with given constraints. This technique is useful for guidance of a quantitative decision-making in different fields such as business planning, industrial engineering, production firm and to the extent of social and physical sciences. This research examines the application of linear programming to determine the product(s) that maximize(s) the profit of WHAO Beverages Nig. Ltd. The data used for this research is a secondary data obtained from the company. The method used to analyze the data is a revised simplex method of a linear programming. The findings in this research was able to formulate mathematical model for the research problem; determine the product that will yield the maximum profit for the company; and know the quantity of this product that will give this profit. Data obtained from the company undergoes two iterations, whose analysis shows that the squash drinks maximize the profit of the company at the second iteration. The quantity of SQUASH Drinks that gave the maximum profit of 264 units produced and the maximum profit of the company (WHAO Beverages Nig. Ltd.) was #2200.83.},
year = {2022}
}
TY - JOUR T1 - Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd AU - Oladimeji Olanrewaju Adedipupo AU - Lasisi Taiwo Abideen AU - Ogunbanwo Tolulope Samson AU - Fadare Ayodeji AU - Oluborode Kayode Oladipupo Y1 - 2022/05/19 PY - 2022 N1 - https://doi.org/10.11648/j.ajam.20221003.11 DO - 10.11648/j.ajam.20221003.11 T2 - American Journal of Applied Mathematics JF - American Journal of Applied Mathematics JO - American Journal of Applied Mathematics SP - 86 EP - 92 PB - Science Publishing Group SN - 2330-006X UR - https://doi.org/10.11648/j.ajam.20221003.11 AB - Linear Programming is a scientific method used for obtaining and determine the most optimal solution for a problem with given constraints. This technique is useful for guidance of a quantitative decision-making in different fields such as business planning, industrial engineering, production firm and to the extent of social and physical sciences. This research examines the application of linear programming to determine the product(s) that maximize(s) the profit of WHAO Beverages Nig. Ltd. The data used for this research is a secondary data obtained from the company. The method used to analyze the data is a revised simplex method of a linear programming. The findings in this research was able to formulate mathematical model for the research problem; determine the product that will yield the maximum profit for the company; and know the quantity of this product that will give this profit. Data obtained from the company undergoes two iterations, whose analysis shows that the squash drinks maximize the profit of the company at the second iteration. The quantity of SQUASH Drinks that gave the maximum profit of 264 units produced and the maximum profit of the company (WHAO Beverages Nig. Ltd.) was #2200.83. VL - 10 IS - 3 ER -
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