Optimization of product mix in a typical yarn manufacturing industry
In a typical yam manufacturing company different types of yams are produced and usually a schedule of production is prepared and followed for smoother production. However, company's taking decision regarding order receiving and scheduling become tougher when it gets simultaneous orders of diffe...
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| Format: | Book Chapter |
| Language: | English |
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Department of Mechanical Engineering, BUET, Dhaka
2003
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| Online Access: | http://irep.iium.edu.my/26867/ http://irep.iium.edu.my/26867/1/Yarn_Ind_%2311.pdf |
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iium-26867 |
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iium-268672017-08-09T02:17:06Z http://irep.iium.edu.my/26867/ Optimization of product mix in a typical yarn manufacturing industry Hasan, S. Mainul Karim, A.N. Mustafizul T55.4 Industrial engineering.Management engineering. In a typical yam manufacturing company different types of yams are produced and usually a schedule of production is prepared and followed for smoother production. However, company's taking decision regarding order receiving and scheduling become tougher when it gets simultaneous orders of different yams. A compromise is required between profit and capacity. An LP model has been formulated for some selected yams and solved and this paper presents an analysis to find the optimum product mix indicating the quantity (tons) of each category of yams to be produced and the duration of machine hours to be allocated. It would also help to identify the abundant or scarce resources. Moreover, through the analysis it is possible to prioritize the expansion of the scarce resources in allocation of additional investment, if required. A sensitivity analysis in this regard provides the information of increment of the scarce resources and maximum change in marginal profit Department of Mechanical Engineering, BUET, Dhaka 2003-12 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/26867/1/Yarn_Ind_%2311.pdf Hasan, S. Mainul and Karim, A.N. Mustafizul (2003) Optimization of product mix in a typical yarn manufacturing industry. In: Proc. of the 5th Int. Con. on Mechanical Engineering, Paper ID AM -07, 26-28 Dec., 2003 at BUET, Dhaka, Bangladesh. Department of Mechanical Engineering, BUET, Dhaka, pp. 1-5. |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
T55.4 Industrial engineering.Management engineering. |
| spellingShingle |
T55.4 Industrial engineering.Management engineering. Hasan, S. Mainul Karim, A.N. Mustafizul Optimization of product mix in a typical yarn manufacturing industry |
| description |
In a typical yam manufacturing company different types of yams are produced and usually a schedule of production is prepared and followed for smoother production. However, company's taking decision regarding order receiving and scheduling become tougher when it gets simultaneous orders of different yams. A compromise is required between profit and capacity. An LP model has been formulated for some
selected yams and solved and this paper presents an analysis to find the optimum product mix indicating
the quantity (tons) of each category of yams to be produced and the duration of machine hours to be allocated. It would also help to identify the abundant or scarce resources. Moreover, through the analysis it is possible to prioritize the expansion of the scarce resources in allocation of additional investment, if required. A sensitivity analysis in this regard provides the information of increment of the scarce resources and maximum change in marginal profit |
| format |
Book Chapter |
| author |
Hasan, S. Mainul Karim, A.N. Mustafizul |
| author_facet |
Hasan, S. Mainul Karim, A.N. Mustafizul |
| author_sort |
Hasan, S. Mainul |
| title |
Optimization of product mix in a typical yarn manufacturing industry |
| title_short |
Optimization of product mix in a typical yarn manufacturing industry |
| title_full |
Optimization of product mix in a typical yarn manufacturing industry |
| title_fullStr |
Optimization of product mix in a typical yarn manufacturing industry |
| title_full_unstemmed |
Optimization of product mix in a typical yarn manufacturing industry |
| title_sort |
optimization of product mix in a typical yarn manufacturing industry |
| publisher |
Department of Mechanical Engineering, BUET, Dhaka |
| publishDate |
2003 |
| url |
http://irep.iium.edu.my/26867/ http://irep.iium.edu.my/26867/1/Yarn_Ind_%2311.pdf |
| first_indexed |
2023-09-18T20:39:58Z |
| last_indexed |
2023-09-18T20:39:58Z |
| _version_ |
1777409299159449600 |