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http://irepo.futminna.edu.ng:8080/jspui/handle/123456789/29371| Title: | LINEAR PROGRAMMING FOR PROFIT MAXIMIZATION OF AGRICULTURAL STOCK |
| Authors: | Jacob, Rebecca Nyor, Ngutor Audu, Khadeejah James |
| Keywords: | agricultural stock, linear programming (LP), mathematical programming, profit maximization, sensitivity analysis, simplex method |
| Issue Date: | 22-Sep-2024 |
| Publisher: | Maths Model Research Group, FUT, Minna, Nigeria |
| Citation: | Jacob Rebecca, Nyor Ngutor & Khadeejah James Audu. (2024). Linear Programming for Profit Maximization of Agricultural Stock. Proceedings of International Conference on Mathematical Modelling Optimization and Analysis of Disease Dynamics (ICMMOADD). |
| Abstract: | This paper addresses some predominant problems peculiar to investment in agriculture such as the problem of determining which stocks is to be invested in order to maximize profit. Ten (10) agricultural stocks were considered using Linear programming model and simplex method was used as the numerical tool for the computation of the optimal solution. The optimal solution was verified using TORA software the results obtained showed that not all items should be invested in order to maximize profit. |
| Description: | A Conference Proceeding |
| URI: | http://irepo.futminna.edu.ng:8080/jspui/handle/123456789/29371 |
| Appears in Collections: | Mathematics |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| KJA 3 ICMMOADD 2024.pdf | A Conference Proceeding | 2.44 MB | Adobe PDF | View/Open |
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