Volume : III, Issue : II, February - 2013

Cost Optimization in Manufacturing of toys using Linear Programming

Salma Shaheen, Tazyeen Ahmad

Abstract :

Cost has been always a major concern in all human activities. It receives more and more importance and attention as long as society and technology advances. Concepts of cost are universally applicable. A visitor in strange place or in a distant country can bargain the prices by using simple economic principles. Cost is a simple phenomenon but a harsh fact which is understood everywhere in the world. This paper addresses the issues related to application of linear programming in cost optimization of toys especially in the area of manufacturing. This paper also discusses the methodology for optimal resource allocation and cost–effective toy production which would be beneficial for both people and other enterprise environments.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Salma Shaheen,Tazyeen Ahmad Cost Optimization in Manufacturing of toys using Linear Programming Indian Journal of Applied Research, Vol.III, Issue.II February 2013

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