Open Journal of Energy Efficiency

Volume 2, Issue 3 (September 2013)

ISSN Print: 2169-2637   ISSN Online: 2169-2645

Google-based Impact Factor: 0.7  Citations  

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

HTML  Download Download as PDF (Size: 102KB)  PP. 139-142  
DOI: 10.4236/ojee.2013.23018    4,239 Downloads   6,883 Views  

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.

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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.

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