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

Evaluate the importance of business processes, Evaluate the importance of b...

Evaluate the importance of business processes in delivering outcomes based upon business goals and objectives. a. How would you classify the GE culture in terms of the "Handy Mo

Advantages and implications using databases, QUESTION Explain to the ma...

QUESTION Explain to the management of UTM Ltd the advantages and implications of using databases as opposed to using traditional flat file systems or spreadsheet files within t

What are the entrepreneurship traits, What are the entrepreneurship traits?...

What are the entrepreneurship traits? Entrepreneurship Traits: A successful entrepreneur should possess the given traits: (1) Mental Capability: Mental capability havin

Describe internet banking, Question 1 Cross selling is an act of selling a...

Question 1 Cross selling is an act of selling a range of additional products to a customer who has already availed of a particular product or service from the seller or the servic

Sketch the isocost line representing the new minimum cost, He works at a lo...

He works at a local coffee shop for wage of $7.50 per hour.  The job is very flexible; he can work there as many hours as he wants. When he's not working at the coffee shop, Bil

How do you and your organization define system, Problem 1. How do you a...

Problem 1. How do you and your organization define system? Mention the systems that require engineering. Defining system Mentioning the systems that require engineerin

Marketing managment, Explain the factors that affect the choice of distribu...

Explain the factors that affect the choice of distribution channel that a company uses. describe the functions of wholesalers in the distribution chain

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