Treffer: Profit Maximization of Magdalena Dairy Raisers Association’s Dairy Products in Magdalena, Laguna

Title:
Profit Maximization of Magdalena Dairy Raisers Association’s Dairy Products in Magdalena, Laguna
Authors:
et. al., Rolan J. Malvar
Source:
Turkish Journal of Computer and Mathematics Education (TURCOMAT); Vol. 12 No. 3 (2021); 5460-5467; 3048-4855
Publisher Information:
Ninety Nine Publication 2021-04-11
Document Type:
E-Ressource Electronic Resource
Index Terms:
Linear Programming, Simplex Method, MATLAB, MADRA, info:eu-repo/semantics/article, info:eu-repo/semantics/publishedVersion
URL:
https://turcomat.org/index.php/turkbilmat/article/view/2203
https://turcomat.org/index.php/turkbilmat/article/view/2203/1921
Availability:
Open access content. Open access content
Note:
application/pdf
English
Other Numbers:
INNNP oai:ojs2.turcomat.org:article/2203
1432770716
Contributing Source:
NINETY NINE PUBN
From OAIster®, provided by the OCLC Cooperative.
Accession Number:
edsoai.on1432770716
Database:
OAIster

Weitere Informationen

This research demonstrates the use of linear programming in maximizing the profit. It applies the concept of simplex method; a method in linear programming to solve industrial problems that aims to maximize the profit. The Magdalena Dairy Raisers Association specializes in production of dairy products. Three different varieties of dairy products were observed. The data was simulated using MATLAB; a fourth-generation programming language and numerical analysis environment that creates data visualization and user interfaces (UI), calculates matrices, and develops and runs algorithms. The results show that using the Linear Programming Model, we obtain the total revenue of each dairy product with an increase of 108.17% for Fresh Milk, 12.10% for Choco Milk, and 35.95% for Milk O Jel from their previous revenue. As a result, we achieved our goal to maximize the net profit with a total increase of 151.16%..