International Journal of Management IT and Engineering
  • Year: 2018
  • Volume: 8
  • Issue: 11

Comparison between LP and GP models on Small Scale Industry

  • Author:
  • P Prashanth Kumar, T Yugandhar, O Vinod Kumar
  • Total Page Count: 11
  • Page Number: 143 to 153

*Research Analyst, Abhigyaan Labs, Hyderabad, India

**Associate Professor, Guru Nanak ITC, Hyderabad, India

***Professor, Arora's Scientific, TRA, Hyderabad, India

Online published on 18 October, 2019.

Abstract

The Small Scale Industry (SCI) plays a very important role in planning and solving decision problems. The mathematical model designed to help business manager's plan and make the necessary decision to allocated resources. The mathematical model is structured into two sub-models, the first based on Linear Programming model and the second based on Priority Weighted Goal Programming model. The aim of this paper is to present the comparison differences of Linear Programming (LP) and Priority Weighted Goal Programming (PWGP) to optimize Goal constraints of a farm. The results illustrate that PWGP more suitable model as of a customer satisfaction perspective than LP model.

Keywords

Linear Programming, Goal Programming, SCI