Friday, April 26, 2019

Business decision making Essay Example | Topics and Well Written Essays - 2250 words

Business decision making - Essay voiceUnder these forms of business analysis items, three major items need identification. These are the actual variables under consideration, the documentary functions and the constraints involved in the development of the linear programming for production in a company. In the development provided, the variables available are X1 representing the steering wheels produced and X2 representing the number of trucks to produce. The objective of this problem is to maximize profits to 16X1 and 14X2 respectively. Therefore, the total profits Z= 16X1+14X2. The objective function of this problem function here that is to maximize profits will be be as Max Z= 16X1+14X2. For this problem, we seek an optimal solution that will optimize profits.Establishing the constraint, we have to position the difficulty the organization is facing. That is limited resources of labor time. The total time required for the production of a bicycle and the truck is time taken in the lathe equation 2X1+1X2

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