Effectiveness of linear programming techniques in decision making process Department: Mathematics and Statistics By: kruskalstat Project ID: 2529 Rating: (3.3) votes: 6Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis study focused on enlightening business managers in the rural regions on the importance of linear programming techniques in its business practice. Two business settings were examined using the simplex method, assignment, and transportation model. The result of the analysis indicated that 4 units of the square dining table should be made and at such, the required cost of raw materials needed to maximize profit is N34,000, 48 working hours to make an optimal profit of N23,037. The result also indicated that if these optimal values are strictly following the company would be saving herself a total cost of N1753.22 and N239.44 for not producing round tables and N239.44 and chair respectively. The result indicated that the delivery should start at Town A in the morning to minimize cost to N2. It was therefore concluded that the management team of every business enterprise should endeavor to practice the application of statistical methods in influencing their decision making....Preview Download Preview +Other Mathematics and Statistics project topics and materials you might be interested in»Statistical Quality Control of Premier Soap in Soap Manufacturing Industry ( A Case Study of PZ Cusson PLC Aba Abia State)»Statistical analysis of students’ height and weight (case study of federal polytechnic Nekede, Owerri, Imo state) »Statistical analysis of unemployment rate among age groups and geographical locations in Nigeria»Statistical analysis of the problems associated with skill acquisition in Nigeria (a case study of male tailors in Imo state)»Application of linear programming technique to profit maximization in the production of soap (a case study of Promotex industrial and chemical company limited, Nnewi, Anambra state) »Statistical analysis of foster care and adoption rate in Abia state (a case study of motherless babies home Ahiaeke, Umuahia)»Determination of nutritional status of children within the ages of four (4) to ten (10) years using their body mass index (BMI)»Time series analysis on marriage registration in Ilorin, Kwara state»Application of multiple queuing model in evaluating the efficiency of service in UBA bank»Statistical analysis on impact of parental hood on academic performance»Econometrics analysis of gross national income on consumption expenditure of federal republic of Nigeria between (2011)»Determinant of foreign direct investment in Nigeria and its effect on Nigerian economy: an empirical analysis»Statistical analysis of factors affecting crime in Imo state»Statistical study of the queuing pattern at the antinatal division of Federal Medical Center FMC Owerri Imo state»A statistical analysis of coal production in Nigeria - a case study of Nigeria coal corporation from 2000-2009