A Case Study of Economic Optimization Using Linear Programming
Year: 2024
Type: article
Abstract: 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.
Authors: Poonam Kumari Labh Karna, Shyam Kishor Mahto, Suresh Kumar Sahani
Institution: Tribhuvan University
Language: English
Subfield: Control and Systems Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W6911974679
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