Published December 30, 2024
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A Case Study of Economic Optimization Using Linear Programming
Authors/Creators
- 1. R.R.M. Campus, T.U., Nepal
- 2. Rajarshi Janak University, Janakpurdham, Nepal
Contributors
- 1. R.R.M. Campus, T.U., Nepal
- 2. Rajarshi Janak University, Janakpurdham, Nepal
Description
This research examines how linear programming (LP) can be used in economic optimization, with an emphasis on ABC Manufacturing Company as a case study. While staying within limitations like resource availability, production capacity, and market demand, the goal is to maximize profit. The linear programming model’s development, the Simplex method’s solution procedure, and the results’ interpretation are all described in the study. The results show how LP can improve manufacturing decision-making processes more effectively. Employing LP allows businesses to streamline their processes, which boosts productivity and profitability.
Files
P.K.L. Karna, S.K. Mahto & S.K. Sahani (Dec. 24), pp. 10-21.pdf
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(6.3 MB)
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- Available
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2024-12-30Journal Article