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Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd

Received: 19 April 2022     Accepted: 5 May 2022     Published: 19 May 2022
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Abstract

Linear Programming is a scientific method used for obtaining and determine the most optimal solution for a problem with given constraints. This technique is useful for guidance of a quantitative decision-making in different fields such as business planning, industrial engineering, production firm and to the extent of social and physical sciences. This research examines the application of linear programming to determine the product(s) that maximize(s) the profit of WHAO Beverages Nig. Ltd. The data used for this research is a secondary data obtained from the company. The method used to analyze the data is a revised simplex method of a linear programming. The findings in this research was able to formulate mathematical model for the research problem; determine the product that will yield the maximum profit for the company; and know the quantity of this product that will give this profit. Data obtained from the company undergoes two iterations, whose analysis shows that the squash drinks maximize the profit of the company at the second iteration. The quantity of SQUASH Drinks that gave the maximum profit of 264 units produced and the maximum profit of the company (WHAO Beverages Nig. Ltd.) was #2200.83.

Published in American Journal of Applied Mathematics (Volume 10, Issue 3)
DOI 10.11648/j.ajam.20221003.11
Page(s) 86-92
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Linear Programming, Simplex Method, Maximization, Resources, Business, Portfolio, Decision-Makers, Optimization

References
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Cite This Article
  • APA Style

    Oladimeji Olanrewaju Adedipupo, Lasisi Taiwo Abideen, Ogunbanwo Tolulope Samson, Fadare Ayodeji, Oluborode Kayode Oladipupo. (2022). Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd. American Journal of Applied Mathematics, 10(3), 86-92. https://doi.org/10.11648/j.ajam.20221003.11

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    ACS Style

    Oladimeji Olanrewaju Adedipupo; Lasisi Taiwo Abideen; Ogunbanwo Tolulope Samson; Fadare Ayodeji; Oluborode Kayode Oladipupo. Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd. Am. J. Appl. Math. 2022, 10(3), 86-92. doi: 10.11648/j.ajam.20221003.11

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    AMA Style

    Oladimeji Olanrewaju Adedipupo, Lasisi Taiwo Abideen, Ogunbanwo Tolulope Samson, Fadare Ayodeji, Oluborode Kayode Oladipupo. Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd. Am J Appl Math. 2022;10(3):86-92. doi: 10.11648/j.ajam.20221003.11

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  • @article{10.11648/j.ajam.20221003.11,
      author = {Oladimeji Olanrewaju Adedipupo and Lasisi Taiwo Abideen and Ogunbanwo Tolulope Samson and Fadare Ayodeji and Oluborode Kayode Oladipupo},
      title = {Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd},
      journal = {American Journal of Applied Mathematics},
      volume = {10},
      number = {3},
      pages = {86-92},
      doi = {10.11648/j.ajam.20221003.11},
      url = {https://doi.org/10.11648/j.ajam.20221003.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajam.20221003.11},
      abstract = {Linear Programming is a scientific method used for obtaining and determine the most optimal solution for a problem with given constraints. This technique is useful for guidance of a quantitative decision-making in different fields such as business planning, industrial engineering, production firm and to the extent of social and physical sciences. This research examines the application of linear programming to determine the product(s) that maximize(s) the profit of WHAO Beverages Nig. Ltd. The data used for this research is a secondary data obtained from the company. The method used to analyze the data is a revised simplex method of a linear programming. The findings in this research was able to formulate mathematical model for the research problem; determine the product that will yield the maximum profit for the company; and know the quantity of this product that will give this profit. Data obtained from the company undergoes two iterations, whose analysis shows that the squash drinks maximize the profit of the company at the second iteration. The quantity of SQUASH Drinks that gave the maximum profit of 264 units produced and the maximum profit of the company (WHAO Beverages Nig. Ltd.) was #2200.83.},
     year = {2022}
    }
    

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  • TY  - JOUR
    T1  - Application of Linear Programming for Decision Making to Business in Whao Beverages Nig. Ltd
    AU  - Oladimeji Olanrewaju Adedipupo
    AU  - Lasisi Taiwo Abideen
    AU  - Ogunbanwo Tolulope Samson
    AU  - Fadare Ayodeji
    AU  - Oluborode Kayode Oladipupo
    Y1  - 2022/05/19
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    N1  - https://doi.org/10.11648/j.ajam.20221003.11
    DO  - 10.11648/j.ajam.20221003.11
    T2  - American Journal of Applied Mathematics
    JF  - American Journal of Applied Mathematics
    JO  - American Journal of Applied Mathematics
    SP  - 86
    EP  - 92
    PB  - Science Publishing Group
    SN  - 2330-006X
    UR  - https://doi.org/10.11648/j.ajam.20221003.11
    AB  - Linear Programming is a scientific method used for obtaining and determine the most optimal solution for a problem with given constraints. This technique is useful for guidance of a quantitative decision-making in different fields such as business planning, industrial engineering, production firm and to the extent of social and physical sciences. This research examines the application of linear programming to determine the product(s) that maximize(s) the profit of WHAO Beverages Nig. Ltd. The data used for this research is a secondary data obtained from the company. The method used to analyze the data is a revised simplex method of a linear programming. The findings in this research was able to formulate mathematical model for the research problem; determine the product that will yield the maximum profit for the company; and know the quantity of this product that will give this profit. Data obtained from the company undergoes two iterations, whose analysis shows that the squash drinks maximize the profit of the company at the second iteration. The quantity of SQUASH Drinks that gave the maximum profit of 264 units produced and the maximum profit of the company (WHAO Beverages Nig. Ltd.) was #2200.83.
    VL  - 10
    IS  - 3
    ER  - 

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Author Information
  • Department of Statistics, Faculty of Applied Science, Federal Polytechnic, Ile-Oluji, Nigeria

  • Department of Statistics, Ladoke Akintola University of Technology, Ogbomosho, Nigeria

  • Department of Mathematics and Statistics, Faculty of Pure and Applied Sciences, Osun State College of Technology, Esa-Oke, Nigeria

  • Department of Business Administration, Faculty of Business and Management Science, Osun State College of Technology, Esa-Oke, Nigeria

  • Department of Computer Science, Faculty of Communication and Information Technology, Osun State College of Technology, Esa-Oke, Nigeria

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