Treffer: A Case Study of Economic Optimization Using Linear Programming
Title:
A Case Study of Economic Optimization Using Linear Programming
Contributors:
Poonam Kumari Labh Karna, Shyam Kishor Mahto, Suresh Kumar Sahani
Publisher Information:
THE MATHEMATICS EDUCATION
Publication Year:
2024
Collection:
Zenodo
Subject Terms:
Document Type:
Fachzeitschrift
article in journal/newspaper
Language:
English
ISSN:
0047-6269
Relation:
https://zenodo.org/records/14997917; oai:zenodo.org:14997917; https://doi.org/10.5281/zenodo.14997917
DOI:
10.5281/zenodo.14997917
Availability:
Rights:
Creative Commons Attribution 4.0 International ; cc-by-4.0 ; https://creativecommons.org/licenses/by/4.0/legalcode
Accession Number:
edsbas.9EF53F2A
Database:
BASE
Weitere Informationen
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.