TITLE:
Simulation Using Sensitivity Analysis of a Product Production Rate Optimization Model of a Plastic Industry
AUTHORS:
Mala Abba-Aji, Vincent Ogwagwu, Bukar Umar Musa
KEYWORDS:
Sensitivity Analysis; Simplex Method; Linear Programming; Optimization
JOURNAL NAME:
Open Journal of Energy Efficiency,
Vol.2 No.3,
September
26,
2013
ABSTRACT: 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
analysis using shadow price reveals that the price of wash hand bowls is critical
to the net benefit (profit) of the company.