1Assistant Professor, SVKM's NMIMS Mukesh Patel School of Technology Management & Engineering
2Student, Department of Statistics, NMIMS Sunandan Divatia School of Science
* Author correspondence: Dr. Mahesh Sudhakar Naik, Assistant Professor SVKM's NMIMS Mukesh Patel School of Technology Management & Engineering
Online published on 4 January, 2021.
The aim of an XYZ bakery operating in Mumbai is to make profit as that is what guarantees its continuous existence and productivity in this market. In this industrial era, a bakery at all levels is facing challenges of producing goods of right quality, quantity and at right time. Also maintaining the products’ shelf life at minimum cost and maximum profit for their survival and growth is of utmost important to earn more profit. Thus, this demands an increase in productive efficiency of the business. The objective of this work is to use linear programming (LP) to build a mathematical model to maximize the income of the bakery. In this study, the algorithm of Integer Programming Method was used to allocate raw materials (cupcakes, pastries and cakes) as variables in the bakery for the purpose of maximizing the income.
Linear Programming Method, Integer Programming Problem, Maximization Optimization Simplex method