文章基本信息

标题：Improving Hebron Drinks Company Value through Optimization of Production Processes using Operations Research Model
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作者：Michael C. Agarana ; Bishop Sheila ; Olawoye Simisola 等
期刊名称：Lecture Notes in Engineering and Computer Science
印刷版ISSN：2078-0958
电子版ISSN：2078-0966
出版年度：2018
卷号：2237&2238
页码：766-771
出版社：Newswood and International Association of Engineers
摘要：Production and Operations Management Organizations are continually faced with the challenge of maximizing profit while incurring cost. Poor production planning subjects the organization to promote more expenses rather than revenue. In this paper optimization of production processes was treated as a linear programming problem which resulted in the implementation of a linear programming model for Hebron Drinks, a Nigerian Beverage Industry. This work was carried out through the access of relevant literatures, primary sources of data; information analysis was carried out using the simplex method. In our aim to maximize profit and minimize cost, a linear programming model was designed taking into consideration records such as sales, costs, human resources, salaries and wages, energy and power consumption and revenue. Results were generated using a Computer Aided Software tool - ( LiPS-1.11.0). Interpretations of the results from the analysis formed basis for recommendations to enhance managerial decisions. Specifically, the production capacity of Black Currant juice should increase by four units within a production period to maximize the profit of the company within the period.
关键词：Hebron drinks; Simplex Method; Operations Research; Optimization; Linear Programming; Production Processes