engleski

Formulation and Construction of a Decision-Making Model on Bakery Product Range

One of the basic tasks of business decision-making is to correctly determine the type and quantities of output to be offered on the market. Given the very short shelf life of bakery products, these issues are crucial when planning a bakery output. Different operating costs and losses incurred due to unsold quantities can be significantly reduced by applying adequate quantitative methods. This paper intends to present some possibilities of the linear programming model in making decisions about a bakery product range. In discussing the stated issue, the first step was to develop a theoretical model framework based on computer optimization, followed by its construction and solution illustrated by an adequate example. Since the values of particular parameters are frequently impossible to determine quite accurately, we have also conducted the sensitivity analysis on the stated model in order to improve the decision-making. As a form of postoptimality analysis, it is used to examine the effects of changes in these parameters on the stability of the optimal solution. The usage value of the model depends significantly on the data used to estimate the parameters. In constructing the model, it is therefore necessary to give particular attention to creating an adequate database.

decision-making model ; bakery product range ; linear programming ; sensitivity analysis ; computer optimization ; database

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