Determining the Profit Maximization Level: An Empirical Investigation in Navana Furniture, Bangladesh

Hasan, M.M., Chowdhury, N.M., and Alam, M.M. 2010. Determining the Profit Maximizing Point: An Empirical Investigation for Navana Furniture, Bangladesh, Green University Review, Vol. 1(2). pp. 81-87. (ISSN 2218-5283; Publisher- Green University of Bangladesh)

5 Pages Posted: 28 Mar 2017

See all articles by Md. Hasan

Md. Hasan

Universiti Utara Malaysia; Green University of Bangladesh

Nour Chowdhury

Green University of Bangladesh

Md. Mahmudul Alam

Universiti Utara Malaysia

Date Written: 2010

Abstract

Business always tries to find ways to improve its competitiveness and gain maximum profit. Organizations easily determine the maximum production and profit level through the simplex method in linear programming. This paper examined the profit maximization point for dining chair and sofa manufacturing by Navana Furniture Company, Bangladesh through simplex method in linear programming and graphical method. The findings showed that Navana Furniture Company can improve its profit by 4.03% for dining chair and sofa manufacturing cases if it follows the new profit maximizing point that is determined by this study. The findings of the paper will be helpful for the company management, shareholders as well as other companies to improve their performance.

Keywords: Profit maximization, linear programming, simplex method, point testing, Navana Furniture

Suggested Citation

Hasan, Md. and Chowdhury, Nour and Alam, Md. Mahmudul, Determining the Profit Maximization Level: An Empirical Investigation in Navana Furniture, Bangladesh (2010). Hasan, M.M., Chowdhury, N.M., and Alam, M.M. 2010. Determining the Profit Maximizing Point: An Empirical Investigation for Navana Furniture, Bangladesh, Green University Review, Vol. 1(2). pp. 81-87. (ISSN 2218-5283; Publisher- Green University of Bangladesh) . Available at SSRN: https://ssrn.com/abstract=2941322

Md. Hasan

Universiti Utara Malaysia ( email )

Sintok, Kedah
Malaysia

Green University of Bangladesh ( email )

220/D, Begum Rokeya Sarani
West Kafrul, Dhaka 1207
Bangladesh

Nour Chowdhury

Green University of Bangladesh ( email )

220/D, Begum Rokeya Sarani
West Kafrul, Dhaka 1207
Bangladesh

Md. Mahmudul Alam (Contact Author)

Universiti Utara Malaysia ( email )

Sintok, Kedah
Malaysia

Register to save articles to
your library

Register

Paper statistics

Downloads
21
Abstract Views
143
PlumX Metrics