Application of Linear Programming for Profit Maximization of the Bank and the Investor
Amit Kumar Jain1, Ramakant Bhardwaj2, Hemlata Saxena3, Anurag Choubey4
1Amit Kumar Jain, Research Scholar, School of Science, Career Point University, Kota, Rajasthan, India
2Ramakant Bhardwaj, Professor, Technocrats Institute of Technology, Bhopal, MP, India
3Hemlata Saxena, Professor, Career Point University, Kota, Rajasthan, India
4Anurag Choubey, Professor, Technocrats Institute of Technology, Bhopal, MP, India
Manuscript received on July 30, 2019. | Revised Manuscript received on August 25, 2019. | Manuscript published on August 30, 2019. | PP: 4166-4168 | Volume-8 Issue-6, August 2019. | Retrieval Number: F9337088619/2019©BEIESP | DOI: 10.35940/ijeat.F9337.088619
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The main objective of this paper is to optimize (maximize) the net return of Central Bank of India in the area of interest from loans such as Personal loan, Car loan, Home loan, Agricultural loan, Commercial loan, Education loan and also maximize the net return of the investor by investing some amount in the investment policy of Central Bank of India such as Fixed Deposit, Saving Account, Public Provident fund and other investment Policies. The linear programming technique is applied to maximize profit of the Bank and the investor.
Keywords: Linear Programming Model, Objective function, Constraints, Decision variables, Simplex method, Maximization, Marginal cost of funds based Lending Rate (MCLR).