Optimal allocation of resources using sensitivity analysis in linear programming problem Department: Mathematics and Statistics By: kruskalstat Project ID: 5647 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThe study evaluated how the decision making process of bread producers can be influenced through optima allocation of raw materials and production of optimal quantities of product that will improve the profit margin of the companies. The study used the linear programming problem to model the data based on the materials involved in the production of three products and the average profit made from the process. The model solution was determined using the simplex algorithm method and it was revealed that in order to enhance maximum profit (N75,228.57) per 250kg of available flour, the manager should produce 2857 loaves of large loaves and 3286 pans of madiga and no medium sized bread should be made. In addition, the optimal resources to be allocated for the production process should be 250kg, 3.68kg, 30.5kg, 23.64kg, 1.78kg, 200ml and 0.71kg of flour, salt, yeast, sugar, preservative, flavor and EDC respectively. In essence, the production of bakeries can be optimized by adopting sensitivity analysis in linear programming in Nigeria....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