On determination of optimal production control using linear programming model. – P.B. Nyiam and S. S. Akpan
The problem of minimizing cost in order to maximize profit in any establishment or business organization has been an ancient problem to many statisticians, many has proposed many solutions ranging from George Dantzig (1947) to of recent, the extension of quadratic programming by Mccarl and Spreen (2004). In this paper, linear programming model has been used to trace a long standing problem of minimizing the cost of producing flour in order to maximize daily profit in Niger Mills Company, Nigeria. From our findings, it was established that minimizing the cost of producing flour will attract a daily profit of N4,560.00 to the Company. Numerical application confirms this assertion.