Application of linear programming in production planning

Solaja, Oluwasegun Abraham and Abiodun, Joachim Abolaji and Abioro, Matthew Adekunle and Ekpudu, Jonathan Ehimen and Olasubulumi, Olajide Moses (2019): Application of linear programming in production planning. Published in: International Journal of Applied Operational Research , Vol. 9, No. 3 (15 June 2019): pp. 11-19.

Abstract

Optimum utilization of limited resources in the production floor demands that the production manager makes decisions on the best allocation of limited resources. Linear programming techniques are applied in this study to a production planning problem in a feed mill producing company. The linear Programming model was formulated based on data obtained from the company operations’ diary. Data was processed with the help of Management Scientist Version 5.0. The study reveals improved profit through streamlining of the product range and cutting off the less productive products. This suggests the company may adopt the outcome of the linear programming techniques in production planning to improve monthly profit. This study has shown that linear programming techniques are powerful tools that can be of help to managers in decision making and allocation of limited resources and indicate operations and profit improvement.

• Item Type: MPRA Paper
• Language: English
• Keywords: Production, Optimization, Planning, Feed, Linear Programming.
• Subjects: C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61 - Optimization Techniques ; Programming Models ; Dynamic Analysis; E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy > E23 - Production

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