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

Mala Abba-Aji, Vincent Ogwagwu, Bukar Umar Musa

Department of Electrical and Electronics Engineering, University of Maiduguri, Maiduguri, Nigeria.
Department of Mechanical Engineering, University of Maiduguri, Maiduguri, Nigeria.
Federal University of Technology, Minna, Nigeria.

DOI: 10.4236/ojee.2013.23018                

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

Conflicts of Interest

The authors declare no conflicts of interest.

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