Linear programming as a technique for managerial decision Department: Mathematics and Statistics By: kruskalstat Project ID: 3143 Rating: (3.1) votes: 7Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis study examined the decision making problem of two business enterprises who are faced with various decision alternatives using the simplex method. For the interior décor, the optimal result is that profit can be optimized if 4units of Mega cut product and 1unit of Chip cut product should be made to attain an optimal profit of N81,458. The beauty spa management result indicated that the units of Weavon wig to be produced should be 3units and 8units of Bob Marley Braided while no unit of Twisted braided should be produced so that the profit stand of N92,313. With the use of the simplex method, insignificant products were eliminated and the resources needed were reduced, with increased profit higher than the current profit margin experienced by the two firms....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»Determinant of foreign direct investment in Nigeria and its effect on Nigerian economy: an empirical analysis»Econometrics analysis of gross national income on consumption expenditure of federal republic of Nigeria between (2011)»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