Applications of Linear Programming: A Case Study in Cottage Industry

  • Muhammad SHAKOOR Abdul Wali Khan University, Pakistan
  • Ali AFTAB Abdul Wali Khan University, Pakistan
  • Ullah NEKMAT Abdul Wali Khan University, Pakistan
  • Khan NOOR ZEB Air University, Islamabad, Pakistan
  • Javed FARHAN School of Economics, Quaid Azam University, Islamabad, Pakistan

Abstract




Cottage industries are in limelight both in urban and rural areas of Pakistan. The handmade shawls and hats are in demand from within the country and outside world. Cottage goods have added its share to the export of the nation in the recent time despite the challenges the wearing sector faces in the present time. From many writings it could be deduced that the area has still a room for improvement if the prevailing production situation is improved. In this connection, publication in apparel sector could not only resuscitate the financial system but also attract many to this side. Dresses connected with different culture, rituals and sites could also boast the business on foreign stage, which is an additional stride. The purpose of this paper is to make suitable changes in the consumption of the available resources in order to make them more significant and to make more profit out of the given available resources.






As a case study, taking the cottage industry in Swat, Pakistan. The data gathered was used to estimate the parameters of the linear programming model. The model was solved using POM QM software. The findings of the study show that the profit of the company can be improved by 15% per month by applying linear programming models.




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Published
2020-12-31
How to Cite
SHAKOOR, Muhammad et al. Applications of Linear Programming: A Case Study in Cottage Industry. Journal of Mathematical Economics and Finance, [S.l.], v. 6, n. 2, p. 23 - 37, dec. 2020. ISSN 2458-0813. Available at: <https://journals.aserspublishing.eu/jmef/article/view/6478>. Date accessed: 23 nov. 2024. doi: https://doi.org/10.14505/jmef.v6.2(11).02.