Back
 OJEE  Vol.2 No.3 , September 2013
Simulation Using Sensitivity Analysis of a Product Production Rate Optimization Model of a Plastic Industry
Mala Abba-Aji, Vincent Ogwagwu, Bukar Umar Musa*
Show more
Abstract: This study analyzes the sensitivity analysis using shadow price of plastic products. This is based on a research carried out to study optimization problem of BOPLAS, a plastic industry in Maiduguri, North eastern Nigeria. Simplex method of Linear programming is employed to formulate the equations which were solved by using costenbol software. Sensitivity analysis using shadow price reveals that the price of wash hand bowls is critical to the net benefit (profit) of the company.
Keywords: Sensitivity Analysis; Simplex Method; Linear Programming; Optimization
Cite this paper: Abba-Aji, M. , Ogwagwu, V. and Musa, B. (2013) Simulation Using Sensitivity Analysis of a Product Production Rate Optimization Model of a Plastic Industry. Open Journal of Energy Efficiency, 2, 139-142. doi: 10.4236/ojee.2013.23018.
References

[1]   A. Ibhadode, “Introduction to Manufacturing Technology,” AMBIK Publishers, Lagos, 2001, pp. 92-95.

[2]   A. Aji, et al., “Development of a Product Production Rate Optimization Model: A Case Study of BOPLAS Plastic Industry,” Continental Journal of Engineering Sciences, Vol. 4, 2009, pp. 26-31.

[3]   R. Hussey, “Cost and Management Accounting,” P, (app. C3-C22), 1989.

[4]   J. Krawjewski, “Operations Management; Strategy and Analysis,” Addison-Wesley Publishing Company, Canada, 1987, pp. 118-125.

[5]   R. Costenoble, “Simplex Method of Solving General Linear Programming Problems”. www.Zweigmedia.com/third Edsite/index.htm

[6]   K. Crow, “Archiving Target Cost/Design to Cost Objectives,”2001. www.ndp-solutions.com/dtc.htm

[7]   K. Crow, “Design for Manufacturability”. www.ndp-solutions.com/dfm.htm

[8]   C. Frederic, “Cost and Optimization Engineering,” Mc-Graw Hill Publishing Company, New York, 1985.

 
 
Top