A Review On Linear Programming Analysis Of The Outsourcing Problem Using MATLAB
FLt Lt Dinesh Kumar Gupta (Retd.)
Index Terms: constrain, Linear Programming, markup price, MATLAB, outsourcing, revenue, throughput.
Abstract: This study examines the case where market demand exceeds the company’s capacity to manufacture. Manufacturing companies often function in situations where internal production resources constrain their throughput. Such situations are characterized as the problem of finite capacity scheduling. Management policy is to meet all demand in order to prevent competitor from entering the field. Now, if management needs to decide what quantities of each product to manufacture and what quantities to buy from external contractors. In this study we have described two methodologies based on LP analysis to solve production outsourcing problem using latest version of MATLAB. We choose the best methodology which gives us maximum profits.
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