A linear programming model for product mix profit maximization in a small medium enterprise company

Production planning is often challenging for small medium enterprises (SMEs) company. Most of the SMEs are having difficulty in determining the optimal level of the production output which can affect their business performance. Product mix optimization is one of the main key for production planning....

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Main Authors: S., Mohd Baki, Cheng, Jack Kie
Format: Article
Language:English
Published: Penerbit Universiti Malaysia Pahang 2020
Subjects:
Online Access:http://umpir.ump.edu.my/id/eprint/29800/1/ijim_A%20linear%20programming%20model%20for%20product%20mix.pdf
http://umpir.ump.edu.my/id/eprint/29800/
https://doi.org/10.15282/ijim.6.1.2020.5330
https://doi.org/10.15282/ijim.6.1.2020.5330
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Institution: Universiti Malaysia Pahang
Language: English
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spelling my.ump.umpir.298002020-10-28T03:19:31Z http://umpir.ump.edu.my/id/eprint/29800/ A linear programming model for product mix profit maximization in a small medium enterprise company S., Mohd Baki Cheng, Jack Kie HD Industries. Land use. Labor Production planning is often challenging for small medium enterprises (SMEs) company. Most of the SMEs are having difficulty in determining the optimal level of the production output which can affect their business performance. Product mix optimization is one of the main key for production planning. Many company have used linear programming model in determining the optimal combination of various products that need to be produced in order to maximize profit. Thus, this study aims for profit maximization of a SME company in Malaysia by using linear programming model. The purposes of this study are to identify the current process in the production line and to formulate a linear programming model that would suggest a viable product mix to ensure optimum profitability for the company. ABC Sdn Bhd is selected as a case study company for product mix profit maximization study. Some conclusive observations have been drawn and recommendations have been suggested. This study will provide the company and other companies, particularly in Malaysia, an exposure of linear programming method in making decisions to determine the maximum profit for different product mix. Penerbit Universiti Malaysia Pahang 2020 Article PeerReviewed pdf en http://umpir.ump.edu.my/id/eprint/29800/1/ijim_A%20linear%20programming%20model%20for%20product%20mix.pdf S., Mohd Baki and Cheng, Jack Kie (2020) A linear programming model for product mix profit maximization in a small medium enterprise company. International Journal of Industrial Management (IJIM), 6 (1). pp. 8-17. ISSN 2289-9286 (Print); 0127-564x (Online) https://doi.org/10.15282/ijim.6.1.2020.5330 https://doi.org/10.15282/ijim.6.1.2020.5330
institution Universiti Malaysia Pahang
building UMP Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Pahang
content_source UMP Institutional Repository
url_provider http://umpir.ump.edu.my/
language English
topic HD Industries. Land use. Labor
spellingShingle HD Industries. Land use. Labor
S., Mohd Baki
Cheng, Jack Kie
A linear programming model for product mix profit maximization in a small medium enterprise company
description Production planning is often challenging for small medium enterprises (SMEs) company. Most of the SMEs are having difficulty in determining the optimal level of the production output which can affect their business performance. Product mix optimization is one of the main key for production planning. Many company have used linear programming model in determining the optimal combination of various products that need to be produced in order to maximize profit. Thus, this study aims for profit maximization of a SME company in Malaysia by using linear programming model. The purposes of this study are to identify the current process in the production line and to formulate a linear programming model that would suggest a viable product mix to ensure optimum profitability for the company. ABC Sdn Bhd is selected as a case study company for product mix profit maximization study. Some conclusive observations have been drawn and recommendations have been suggested. This study will provide the company and other companies, particularly in Malaysia, an exposure of linear programming method in making decisions to determine the maximum profit for different product mix.
format Article
author S., Mohd Baki
Cheng, Jack Kie
author_facet S., Mohd Baki
Cheng, Jack Kie
author_sort S., Mohd Baki
title A linear programming model for product mix profit maximization in a small medium enterprise company
title_short A linear programming model for product mix profit maximization in a small medium enterprise company
title_full A linear programming model for product mix profit maximization in a small medium enterprise company
title_fullStr A linear programming model for product mix profit maximization in a small medium enterprise company
title_full_unstemmed A linear programming model for product mix profit maximization in a small medium enterprise company
title_sort linear programming model for product mix profit maximization in a small medium enterprise company
publisher Penerbit Universiti Malaysia Pahang
publishDate 2020
url http://umpir.ump.edu.my/id/eprint/29800/1/ijim_A%20linear%20programming%20model%20for%20product%20mix.pdf
http://umpir.ump.edu.my/id/eprint/29800/
https://doi.org/10.15282/ijim.6.1.2020.5330
https://doi.org/10.15282/ijim.6.1.2020.5330
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