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Operation Research Project

In: Business and Management

Submitted By chetaneklaspur
Words 1012
Pages 5
Comprehensive assignment for Operations Research Course

PGCBM21

Submitted by: Chetan Eklaspur

Batch: PGCBM21

SMSID: 110337

Submitted to: Dr Supriya kumar De

Study Center: Kormangala Bangalore.

Problem: The problem below depicts one of the situations which we face in our Business and I have tried to apply and solve the same using LPP method to find the optimum solution and use it to make decisions.

Mr Basavraj runs a wholesale tea powder business under the name of “Eklaspur Tea Depot”. Over the years he has been selling different brands of tea powders and acts as wholesaler or stockiest for those brands. “Eklaspur Tea Depot” is established as a major wholesaler in the area and has a good client base in the form of retailers and Kirana shop owner in the area. Recently due to lot of competition and rising prices there have been requests from few of the clients and some of the new client for a reduction in the prices or cheaper products, these clients are ready to compromise on the quality if the prices are reduced. So having discussed this with some of its client Mr Basavraj wants to start his own brand of Tea powder mixture under the name “Star teas” with Premium and Deluxe quality.

The new Brand will be priced lower than the current Brands to meet the requirements of these clients. Mr Basavraj Forecasts that there will be demand for Premium and Deluxe to be 50 and 90 bags respectively of 35kg each, but together he wants to produce a maximum of 175 bags.

He has fixed the selling price of the premium and deluxe products are as follows.

|sl.no |Name |Weight/Bag in KGS |Price/kg |Total/bag |
|1 |Star premium |35 |90 |3150 |
|2 |Star deluxe |35 |80

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