This study analyzes the sensitivity analysis using shadow price of
plastic products. This is based on
a research carried out to study optimization problem of BOPLAS, a plastic
industry in Maiduguri, North eastern Nigeria. Simplex method of Linear
programming is employed to formulate the equations which were solved by using costenbol software. Sensitivity
analysisusing shadow price reveals that the price of wash hand bowls is critical
to the net benefit (profit) of the company.
References
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A. Aji, et al., “Development of a Product Production Rate Optimization Model: A Case Study of BOPLAS Plastic Industry,” Continental Journal of Engineering Sciences, Vol. 4, 2009, pp. 26-31.
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R. Costenoble, “Simplex Method of Solving General Linear Programming Problems”.
www.Zweigmedia.com/third Edsite/index.htm
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www.ndp-solutions.com/dfm.htm
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C. Frederic, “Cost and Optimization Engineering,” Mc-Graw Hill Publishing Company, New York, 1985.
