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

Explain how the group can make better decisions, QUESTION From the birt...

QUESTION From the birth of a group to the death of the group, groups go through many stages of development. One of the most popular descriptions of group development is Tuckman

Approaches for handling customer complaints, Explain some of the approaches...

Explain some of the approaches for handling customer complaints and listening to customers

Design of unit operations, A detailed commentary on the chemical and mechan...

A detailed commentary on the chemical and mechanical design of at least one process unit operation. Process design of other units should also be completed along with pipe sizes (ma

Marketing performance, Given the fact that a firm survival depends on its c...

Given the fact that a firm survival depends on its capacity to create value, and value is defined by customers (Day, 1990), marketing makes a fundamental contribution to long-term

Differences, Difference between selling concept & marketing conceptt

Difference between selling concept & marketing conceptt

Explain the recruitment and selection process, QUESTION 1 People are on...

QUESTION 1 People are one of the most important resources in an organization. Consequently, one of the main functions of the human resource manager is to ensure that the organi

Explain the advantages and disadvantages of partnership, Q. Explain the adv...

Q. Explain the advantages and disadvantages of partnership? Advantages of Partnership Firm 1. Easy formation: A partnership firm can be formed without any compulsory lega

Advantages and disadvantange of the line organisation, advantages and disad...

advantages and disadvantange of the line organisation

What are the features of pure capitalism, Q. What are the features of pure ...

Q. What are the features of pure capitalism? 1. The capitalist system is also called free enterprise economy and market economy. 2. Private ownership. 3. No government interfer

Explain the term ethical dilemma and how to deal with it, QUESTION 1 (a...

QUESTION 1 (a) Define the term management by objectives (MBO) and outline its unique features (b) Enumerate and explain the two main organizational structures? QUESTION

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