Modeling For Optimization Of Product - Mix In Poultry Feeds Production Of ABJ Animals Feeds Company
Abstract
The work done in this investigation is modeling to optimization product mix in industrial settings of resources allocation and utilization in poultry feed production. Most poultry feeds producers in Nigeria do not lend themselves to flexible production process which is important for them to manage the use of resources for effective optimal production. This research focuses on linear optimization for achieving product- mix optimization in terms of the product identification and the right quantity in feed brand production for better profit and optimum firm performance. The computational experiments in this research contains data and information on the units item costs, unit contribution margin, maximum resources capacity, individual products absorption rate and other constraints that are particular to each of the six products produced in the company employed as case study. In data analysis, linear programming model was employed with the aid of software to analyze the data. After solving the problem using MATLAB -LINPROG Optimization software, it was found out that the average monthly profit using the current production plan was less than that of the optimal production plan although the difference was not significant. Therefore the researcher recommended using the optimal production plan in order to maximize the company?s total profit in terms of peso value. The contributions of the study to the host company were: increase in profits; efficient and effective use of resources; and productivity improvement
Keywords
Optimization, Modeling, Poultry Feeds, Product - Mix, Linear programming.
Citations
IRE Journals:
Nwosu Moses C. , Aguh Patrick S. , EZEANYIM, OKECHUKWU C.
"Modeling For Optimization Of Product - Mix In Poultry Feeds Production Of ABJ Animals Feeds Company" Iconic Research And Engineering Journals Volume 4 Issue 3 2020 Page 61-68
IEEE:
Nwosu Moses C. , Aguh Patrick S. , EZEANYIM, OKECHUKWU C.
"Modeling For Optimization Of Product - Mix In Poultry Feeds Production Of ABJ Animals Feeds Company" Iconic Research And Engineering Journals, 4(3)
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