Businesses typically have the capability to offer a variety of products. Given various factors such as the price at which the product may be sold, number of units that may be produced, resources required to produce each product, fixed and per unit overhead, etc., we would like to know which combination of products may produce the greatest profit for the company. This example employs linear programming concepts to maximize profit for three products over 35 parameters including employee wages, product price, and production capacity. As you adjust the parameters two bar graphs will reflect the profit and number of each products to produce each year.

How To Run the Application

Our applications are written in Mathematica. Download a free player from http://www.wolfram.com/products/player/download.cgi - it will run on your choice of OS.

Install the Mathematica player.

Download the pricing tool from http://10squaredcorp.com/analysis/ProfitPricingOptimization1.nbp (NOTE: RIGHT/CTL CLICK THIS LINK AND SAVE THE FILE)

Start the player and open the nbp file you downloaded in step 3. (Hint: make sure that your file has the .nbp extension.)

Read the example and make adjustments for your products.

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