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Linear programming applied to Aggregate Production Planning of Flat Screen Monitor
Engineering and Construction
Pages 15 (3765 words)
LINEAR PROGRAMMING APPLIED TO AGGREGATE PRODUCTION PLANNING OF FLAT SCREEN MONITOR Abstract This project applies Linear Programming model to an aggregate production planning of flat screen monitors of type A and type B at XYZ Company with the goal to minimize production costs…
Table of Contents This project applies Linear Programming model to an aggregate production planning of flat screen monitors of type A and type B at XYZ Company with the goal to minimize production costs. Aggregate planning problems for flat screen monitor can be resolved and production optimized by using linear programming to reduce costs. Linear programming can also be used in finding an optimal solution to problems for the purpose of minimizing total costs by affecting variables such as the workforce and the demand planning, as well as the minimization of the inventory balance and holding cost. 3 Table of Contents 4 2.1.Problem Definition and Translation 6 1. Introduction The objective of this paper is to construct a linear programming model applied to aggregate production planning of flat screen monitor that is aimed towards minimizing the overall cost related to various variables such as workforce planning, demand planning, inventory balance, inventory holding cost, etc. Linear programming can be used for solving aggregate planning problem, optimally. ...
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