A Multi-Objective Optimization of Probability and Capacity Utilization in a Feed Manufacturing Firm Using Goal Programming Techniques
MOJISOLA BOLARINWA,
EMMANUEL ALAWODE
Abstract:This study aimed to create a mathematical model for a feed manufacturing firm that maximizes profit, minimizes cost, and maximizes capacity utilization simultaneously. Data on materials, products, and targets were collected and analysed to form the necessary parameters for the model. Two models were developed: Weighted Lexicographic (WLGP) and Weighted Meta Goal Programming (WMGP). The models included various constraints such as goals, capacity, material proportion, material balance, and demand ratios. Lingo 2… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.