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

#n4, Seal and ali want to for a loan from fnb bank to help the grow thir bu...

Seal and ali want to for a loan from fnb bank to help the grow thir business. They have come to you to assist them to draw up a business plan. They have asked you to be their busin

Electronic purchase orders, QUESTION 1 (a) Requirements engineering is ...

QUESTION 1 (a) Requirements engineering is the process of discovering, documenting and maintaining a set of requirements for a computer - based system. What are requirements?

Importance of aligning projects with business strategy, Question: (a) T...

Question: (a) Today, project management is a standard way of doing business and has been widely adopted by many organizations. The key to success and productivity is often link

Features of learning organizations, Problem 1 : (a) ‘New Public Manageme...

Problem 1 : (a) ‘New Public Management' is a set of loosely defined international doctrines that have affected almost all public sector organizations over the past 20 years. W

Verbal and non-verbal communication at work, QUESTION Because non-verba...

QUESTION Because non-verbal cues can mean more than spoken words and speak louder than spoken words, mastering non-verbal communication skills at work represents a challenge (G

Show the legal nature of the above invitation to tender, Question: XYZ ...

Question: XYZ Co. Ltd plans to sell 40% of its shares. Two minority shareholders, Mr. A and Mr. B, have expressed interest in acquiring these shares. In order not to favour an

The skills managers need to carry out the various functions, QUESTION M...

QUESTION Managing is guiding human and physical resources into dynamic organisational units which attain their objectives to the satisfaction of those served and with a high de

Knowledge and awareness of multiculturalism-global office, b) An knowledge ...

b) An knowledge and awareness of multiculturalism may foster improved communication because: Employees can communicate better with one another in order to achieve organisati

What are the important objectives of job evaluation, What are the important...

What are the important objectives of job evaluation? Objectives of job evaluation are as given below: 1. Chooses the relative values of various jobs in an organization. 2

Show ways to communicate effectively, Question 1: You have been offered...

Question 1: You have been offered a job as Communications Manager in a reputed company. Show ways to communicate effectively with people from different cultural backgrounds. Il

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