Optimal Product Mix Discussion

Document Type:Article

Subject Area:Technology

Document 1

The information is also available for the amount of the raw materials held as inventory for each month. Using the costs of raw materials, the maximum profit that would accrue to KASMO Industry Nigeria Limited should be determined using the values presented above. In this context, linear programming should play a crucial role to offer the appropriate product mix that would provide the company with the highest profit possible. The dataset applied for this task is on four various sales packages obtained for selling soap. Using the data evaluated by the work, the number of variables used to formulate the equations is four. ), specific significant variables should be considered when determining the optimal product mix for soap manufacturing. In this perspective, it is crucial to consider the issue of variable costs.

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