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Application Of Revised Simplex Method For Profit Maximization In A Paint Company
This paper applies the concept of revised simplex method with sensitivity analysis to Kingmos Paints Nig. Ltd. Data on fifteen (15) different type of paints were obtained from the company. The analysis is carried out using Linear, Interactive, and Discrete Optimizer (LINDO) software and the result shows that 17872 of Emulsion Marine Paints, 2584 of Kingmos Acrylic Paints and 3647 of Kingmos Gloss Paints should be produced per month respectively in order to make an optimum profit of N2466565. Sensitivity analysis is also carried out to determine the optimality ranges within which the linear programming model parameters can vary without affecting the current optimal solution.
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