A Case Study of Economic Optimization Using Linear Programming

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.

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-12-30
DOI
https://doi.org/10.5281/zenodo.14997916
Primary Topic
Optimization and Mathematical Programming
Type
article
Field-Weighted Citation Impact
0.00
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article

A Case Study of Economic Optimization Using Linear Programming

Zenodo (CERN European Organization for Nuclear Research)
Optimization and Mathematical Programming
article

A Case Study of Economic Optimization Using Linear Programming

article en

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.

Zenodo (CERN European Organization for Nuclear Research)
Decent work and economic growth
Openalex Percentile: Top 57%
Optimization and Mathematical Programming
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A Case Study of Economic Optimization Using Linear Programming · Zenodo (CERN European Organization for Nuclear Research) (2024) | TGRS Research Map | TGRS