Antoni, Antoni and Hansen, Reynoldtan and Hansen, Wijaya and Juan, Trinardi and Wilieam, Vincent (2024) Profit optimization with linear programming simplex method in MSMEs. Researcher Academy Innovation Data Analysis (RAIDA), 1 (1): 3. pp. 14-18. ISSN 3063-1092
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Abstract
This study explores the application of linear programming (LP) using the Simplex Method to optimize profit in the Chandra Canteen, a well-established canteen located in Pontianak, Indonesia, operating for over a decade. The focus is on two popular products, dry noodles and soup noodles, which significantly contribute to the canteen's revenue. The research adopts a quantitative approach, utilizing data on these products to develop a mathematical model that aims to maximize profit. Linear programming, a method used to find the optimal solution by either maximizing or minimizing an objective function within a set of constraints, is applied. The study successfully demonstrates that the optimization of the canteen's operations through this method results in a maximum profit of IDR 70,000. The findings highlight the effectiveness of LP in enhancing business performance in small and medium-sized enterprises (MSMEs) in the food service sector.
Item Type: | Article |
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Uncontrolled Keywords: | Linear programming, Simplex method, Profit ptimization, MSMEs, Canteen business, Quantitative research, Food service sector, Profitability, Small scale enterprises |
Subjects: | Economics and Business > Domestic Commerce, Marketing, & Economics |
Depositing User: | Hestianna Nurcahyani |
Date Deposited: | 19 Oct 2024 08:45 |
Last Modified: | 19 Oct 2024 08:45 |
URI: | https://karya.brin.go.id/id/eprint/49807 |