Quantitave Analysis for management, Business Management

Assignment Help:
Bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced.

The profit function for the bakery is expressed by the following equation: profit = 4x1 + 2x2 + 0.3x12 + 0.4x22.

The bakery has the capacity to produce 800 units of muffins and doughnuts combined and it takes 30 minutes to produce 100 muffins and 20 minutes to produce 100 doughnuts. There is a total of 4 hours available for baking time. There must be at least 200 units of muffins and at least 200 units of doughnuts produced. Formulate a nonlinear program representing the profit maximization problem for the bakery.

Related Discussions:- Quantitave Analysis for management

Show the main objectives of training, Question 1: (a) What is ‘Trainin...

Question 1: (a) What is ‘Training'? (b) Show the main objectives of ‘Training'. (c) Explain clearly the different stages in a systematic approach to Training as developed

What are the advantages of e-marketing, QUESTION (a) In Community Marke...

QUESTION (a) In Community Marketing, what are the dynamics of community formation? (b) Describe five common payment system used in e-Business. (c) What are the advantages

GE matrix components, What are the characteristics of each component of the...

What are the characteristics of each component of the GE matrix?

Importance of demand forecasting, 1.Determination to enter a new territorie...

1.Determination to enter a new territories. 2.To decide to enter a new market or not. 3.To determine how much production capacity to be builds up. 4. Helpful in deciding t

Risk and Return, In a report not to exceed five double-spaced typewritten p...

In a report not to exceed five double-spaced typewritten pages, analyze the results obtained from the three simulations performed, identify the source of the differences, and selec

Describe the technology acceptance model, A) Mc Shea (2006) suggests that "...

A) Mc Shea (2006) suggests that "multidimensional IT evaluation approaches correct for purely financial technique weaknesses by adding dimensions to the value problem". List three

Frameworks - indication industry maturity , Frameworks (e.g. 'S'-curve indi...

Frameworks (e.g. 'S'-curve indication industry maturity), models (e.g. Porter's Five Forces model), techniques (e.g. Key Success Factor analysis in combination with competitor anal

Business, Sam bought a leather corner sofa and chair from SCS Edinburgh for...

Sam bought a leather corner sofa and chair from SCS Edinburgh for £5,490 in July 2009. Less than a year later, she noticed that the sofa’s stitching had started to unravel and repo

Management, tell me the functions of lower management ?

tell me the functions of lower management ?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd