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The Frontiers of Society, Science and Technology, 2019, 1(6); doi: 10.25236/FSST.2019.010605.

Research Report on Profit Maximization of Sports Shoes (Nike)--Modeling and Finding Solution

Author(s)

Yubo Tian1, Han Lin2, Qifan Peng3

Corresponding Author:
Yubo Tian
Affiliation(s)

1 Harbin No.9 high school international department,  Harbin Heilongjiang 150028, China
2  Arizona State University, W.P Carey School of Business,Tempe Arizona, 85281
3 Telecommunications Engineering, Xi’an Jiaotong-liverpool University, Suzhou Jiangsu 215123, China

Abstract

Bubble economy is very common in sneaker market, therefore, Shoe factories need to establish a mathematical model for different shoes (20 pairs) by using Lingo tool to program and calculate the mathematical model to obtain the optimal solution under the constraint of the problem,  in the condition of profit maximization, thus they can obtain the production strategy of maximizing sneaker profits.

Keywords

Mathematical modeling; Linear programming, Profit maximization; Limited consuming material.

Cite This Paper

Yubo Tian, Han Lin, Qifan Peng. Research Report on Profit Maximization of Sports Shoes (Nike)--Modeling and Finding Solution. The Frontiers of Society, Science and Technology (2019) Vol. 1 Issue 6: 23-29. https://doi.org/10.25236/FSST.2019.010605.

References

[1] Hamdy A. Taha (2017). Operations Research: An Introduction (10th Edition) .
[2] Hamdy A.Taha. Operations Research: An Introduction (9th Edition in Chinese) (Classic Textbook of Management Science and Engineering)
[3] Operations Research  edited by the textbook compilation group of Operational Research The fourth edition of Operations Research(2012).Tsinghua University Publishing House.