Reader in Operations Management, Department of Management Studies, School of Management, Pondicherry University, Puducherry, India
Online published on 11 September, 2015.
The present work aims at designing a Linear Programming Model for finding out the right product mix for a leading textile manufacturing company in India with the objective of profit maximization. Data such as contribution per metre produced, saleability index, loom type and width, number of looms available, machine hours available per day and production per loom shift (8 hrs of availability of a loom) are used in the present work. Using the LP, model, the number of products to be produced has been reduced from 74 to 39. Total contribution corresponding to the recommended solution will be Rs. 5,17,29,901 per month. This will result in a savings of one crore rupees for the company.
