ABSTARCT
The major aim of this study is to express the viability of statistical procedures in making decisions of production, using the linear programming approach in detecting the best possible decision. The effective use of liner programming has been scarcely used by managers and hence, this study tends to explore the application of linear programming on production companies. The data used were obtained from Our Choice Bakery, Benin City. The computer approach of the excel solver was used in analyzing the data to determine the best decision on what quantity of product to produce to maximize profit. From the analysis, it was found that in other to enhance maximum profit (N150000) daily, the management should produce 40020 quantities of large loaves of bread, 2700 quantity of cake, 750 quantities of shortbread (madiga) and 350 quantities of meat pie. Hence, it was concluded and recommended that the continuous application of linear programming can aid the maximization of profit.
TABLE OF CONTENT
Title page
i
Certification
ii
Dedication
iii
Acknowledgement
iv
Abstract
v
Table of content
vi
CHAPTER ONE
INTRODUCTION
1.1
Background of the study
1
1.2
Statement of the problem
7
1.3
Objective of the study
8
1.4
Significance of the study
8
1.5
Scope of the study
8
1.6
Limitation of the study
8
1.7
Definition of terms
9
CHAPTER TWO
Literature Review
11
CHAPTER THREE
RESEARCH METHODOLOGY
3.1
Population of the study
35
3.2
Sample and sampling technique
35
3.3
Method of data collection
35
3.4
Method of data analysis
35
3.4.1
Model specification
35
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
4.1
Data presentation
39
4.2
Data analysis
41
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
5.1
Summary of findings
47
5.2
Conclusion
47
5.3
Recommendation
48
References
49
