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

Identify important aspects of human nature psychologist, QUESTION Throu...

QUESTION Through the study of Psychology, scientists seek to answer a wide range of important questions about human nature (a) Identify and describe carefully the important

Describe the importance for employees to work as team, QUESTION 1 Altho...

QUESTION 1 Although knowledge of the communication process and skills in implementing it are basic to effective communication they will not guarantee success. The sender must a

Describe the elements of execution of advertising in brief, Question 1 Dis...

Question 1 Discuss the Visualisation strategy in advertising and the components of Visualisation strategy Question 2 Describe the elements of execution of advertising in brie

GBED1101, Some people argue that the matrix structure should be adopted onl...

Some people argue that the matrix structure should be adopted only as a last resort because the dual chains of command can create more problems than they solve. Do you agree or dis

Frauds of the century: the case of bernard madoff, what were the ethical is...

what were the ethical issues involved in the madoff case?

Effective recommendation letter, QUESTION a) After five years of work i...

QUESTION a) After five years of work in the human resources department at XYZ Co Ltd, you were laid off in a round of cost cutting moves that broke through the financial indust

Corporate advertising, Corporate Adver tising: A sub functions...

Corporate Adver tising: A sub functions of company communication that different from product publicity or marketing communication. Instead of trying to sell an organiz

Buffer stock, The demand and supply can never be assessed exactly. Ther...

The demand and supply can never be assessed exactly. There is discrepancy between actual and estimated demand and supply quantities with fair degree of uncertainty. A b

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