Linear programming applied to Aggregate Production Planning - Research Paper Example

Only on StudentShare

Extract of sample
Linear programming applied to Aggregate Production Planning

The research paper "Linear programming applied to Aggregate Production Planning" analyzes the employing of linear programming for the aggregate production planning that aims to minimize the overall cost associated with the aspect of planning.
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. This can be attained through the minimization of the inventory investment, the variations of the production rate and the changes in the level of the workforce.
In order to optimally allocate the scarce resources, the mathematical procedure called mathematical programming or constrained optimization or simply optimization can be used. Linear programming can be defined as the most special and famous form of constrained optimization, which has been found to be applicable, in practice, in almost all the aspects of contemporary business strategies.
The most typical elements of the linear programming problem analysis comprise of the issues related to aggregate production planning and transportation.
Though, the mathematical programming is totally different from the compute programming however the computer program can help in the estimation of the optimal solution of the linear programming model. ...
Download paper

Summary

This research paper talks about the construction of a linear programming model applied to aggregate production planning of flat screen monitor with the aim to minimize the overall cost related to workforce planning, demand planning, inventory balance and inventory holding cost…
Author : malloryyundt

Related Essays

Assignment in Planning and Programming
The paper defines a project plan as the guide towards the execution and control of a project. Project plan forms a fundamental base towards the success or failure of a given project. According to Kerzner a project plan defines the appropriate methods to be employed during the project. The defined methods ensure successful completion of projects. Project plan ensures optimisation of the resources towards achieving the objectives of the project. The plan, therefore, acts as a guideline in maintaining a balance between resource utilisation and project schedule compliance. The plan ensures proper...
13 pages (3263 words) Assignment
Recycled Rubber Tyres as Aggregate in Concrete
The paper tells that the ability to change the levels of consumption in the UK is one which is essential to the needs to create a sustainable world and to alter the pollutants which are coming from different resources. A technology which is being created is with the use of recycled rubber tyres. There is the option of allowing this to work as an aggregate in concrete, specifically to begin changing the consumption in the UK and to begin lowering the number of toxins with the tyre production that occurs every year. While there is a large amount of consumption and changes with the tyres, there...
19 pages (4769 words) Essay
Production Management Principles
The construction process is to take place in a college that is also near a rural village. The project will therefore have both disruptive and beneficial effects on the community. This section provides the corrective measures and methods that should be put in place, where feasible, to minimize the amount of the resulting disruption. Generally, the company has set construction practices that take into consideration the direct impacts of the construction process and also provides for measures to minimize and if possible eliminate their effects. The Company will seek to provide an assurance to the...
12 pages (3012 words) Assignment
Vehicle Steering Wheel Heart Rate Monitor
The system would be configured to contact emergency medical services providing the location of the patient and it can apply brakes to vehicle to prevent an accident. This system will require the following components for its successful implementation. The first one is a device that reads the driver’s heart rate from the grip of the steering wheel. These devices function by either counting pulses or recording the electrocardiogram signal. Secondly, it will be necessary to have a microcontroller for purposes of analyzing and processing signals from the device that records the heart rate....
20 pages (5020 words) Assignment
Production systems
There are several factors that should be thoroughly considered by workers, managers and owners to effectively use manual assembly lines. These factors include but are not limited to the high- and medium-demand products, similar products being produced, possibility of dividing the work into segments and the impossibility of automation of tasks (Groover, 2007). There are several reasons for which manual assembly lines are favored by many producers, among them productivity. Several reasons explain the productivity of manual assembly lines. Advantages of Manual Assembly Lines The first advantage...
3 pages (753 words) Literature review
Design, build and test a flat belt/pulley
These belts operate efficiently at speeds of 1500-6500 feet per minute and temperatures of between -30 to 185 degrees Fahrenheit. These belts are categorized into industrial (narrow, conventional, light-duty and double V cross section), automotive and agricultural. V belts have reinforcing cords in the belt that provide load-carrying capacity. This reinforcement is made of nylon, steel, rayon or glass fibers embedded in a cushion section (soft rubber material). The cushion section is externally covered with tough rubber and the interior is covered with a material that is resistant to abrasion....
10 pages (2510 words) Research Paper
evaluating the performance of Iranian football team utilizing linear programming
This in turn has a positive effect on the overall performance of the entire system. A major advantage that is experienced is that the analysis of the performance of the system can help the managers to come up with a sketch of a suitable plan for the allocation of the budget, common club revenues, rewards and the shared costs to decision making units (Cooper et al 2000).
...
5 pages (1255 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!