Simulation Using Sensitivity Analysis of a Product Production Rate Optimization Model of a Plastic Industry

¹ Department of Mechanical Engineering, University of Maiduguri, Maiduguri, Nigeria

² Federal University of Technology, Minna, Nigeria

³ Department of Electrical and Electronics Engineering, University of Maiduguri, Maiduguri, Nigeria

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 i s employed to formulate the equations w hich w ere solved by using costenbol software . Sensitivity analysis using shadow price reveal s that the price of wash hand bowls is critical to the net benefit (profit) of the company .

KeywordsSensitivity AnalysisSimplex MethodLinear ProgrammingOptimization

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Simulation Using Sensitivity Analysis of a Product Production Rate Optimization Model of a Plastic Industry

Abstract

References (8)