Linear Programming Problem for Maximization of Profit in Rubber Manufacturing and Molding Industry: A Case study of Shreyas Rubber Products

M. V. Deshmukh

Abstract: The goal of any manufacturing industry to maximize the profit subject to the availability of raw material, number of machinery and labors, man-hours, transportation of cost, processing time product on machines etc. . In this paper we showed that how Linear programming problem technique is used to maximization of profit with respect to the given limited resources. The Shreyas Rubber Products industry is working in the area of manufacturing different types of rubber products and its molding as per the demand in the Pune district area. In this study we consider four samples of rubber products namely 1-inch starring, 1.5-inch starring, O-Ring four piece set and O-Ring twenty-five piece set which is obtained by mixture of raw material EPDM. The Simplex method of Linear Programming Problem is used to optimize the profit objective function.

Keywords: Rubber Products, LPP, Simplex Method

How to Cite?: M. V. Deshmukh, "Linear Programming Problem for Maximization of Profit in Rubber Manufacturing and Molding Industry: A Case study of Shreyas Rubber Products", Volume 9 Issue 5, May 2020, International Journal of Science and Research (IJSR), Pages: 762-765, https://www.ijsr.net/getabstract.php?paperid=SR20512180840, DOI: https://dx.doi.org/10.21275/SR20512180840