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 ()
Affiliation(s)
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
Share and Cite:
Cited by
Copyright © 2024 by authors and Scientific Research Publishing Inc.
This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.