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343784

A Multi-Objective Optimization of Probability and Capacity Utilization in a Feed Manufacturing Firm Using Goal Programming Techniques

Article

Last updated: 25 Dec 2024

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Tags

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Abstract

This study was aimed to create mathematical model for a feed manufacturing firm that maximizes profit, minimizes cost, and maximizes capacity utilization simultaneously. Data on materials, products, and targets were collected and analysed to form the necessary parameters for the model. Two models were developed: Weighted-Lexicographic (WLGP) and Weighted Meta-Goal Programming (WMGP). The models included various constraints such as goals, capacity, material proportion, material balance, and demand ratios. Lingo 20.0 optimization software was used to solve the models. The feed manufacturing firm dealt with 15 materials and produced 5 products. The target was to achieve a profit of ₦9,000,000 without exceeding a cost of ₦62,000,000, while utilizing 98% of the production capacity. In Case 1 (profit maximization), the firm achieved the profit target but slightly fell short of the capacity utilization goal by 0.14%. In Case 2 (cost minimization), the firm achieved the cost goal but had a profit shortfall and a slight underachievement in capacity utilization. In Case 3 (capacity utilization maximization), the firm attained the desired capacity utilization goal but had an excess profit and an overachievement in cost. Monthly feed type allocations varied based on the prioritized objective in each case. The WMGP method was also used, and all goals were achieved within acceptable limits. Material allocation aligned with the outcomes of Case 3 in the WLGP method. In conclusion, WLGP and WMGP approaches proved valuable for optimizing production in the poultry feed industry.

Keywords: Production planning, Weighted-Lexicographic goal programming, Weighted-Meta goal programming

DOI

10.21608/erjm.2024.221675.1275

Keywords

Production planning, Weighted-Lexicographic goal programming, Weighted-Meta goal programming

Authors

First Name

MOJISOLA

Last Name

BOLARINWA

MiddleName

A.

Affiliation

Department of Industrial and Production Engineering, Faculty of Technology University of Ibadan, UI, Nigeria

Email

mojimolati@gmail.com

City

Ibadan

Orcid

0000 0002 7990 6563

First Name

EMMANUEL

Last Name

ALAWODE

MiddleName

T.

Affiliation

Department of Industrial and Production Engineering, Faculty of Technology University of Ibadan, UI, Nigeria

Email

emmanuel.o.alawode@gmail.com

City

Ibadan

Orcid

-

Volume

47

Article Issue

2

Related Issue

46920

Issue Date

2024-04-01

Receive Date

2023-07-08

Publish Date

2024-04-01

Page Start

307

Page End

323

Print ISSN

1110-1180

Online ISSN

3009-6944

Link

https://erjm.journals.ekb.eg/article_343784.html

Detail API

https://erjm.journals.ekb.eg/service?article_code=343784

Order

12

Type

Original Article

Type Code

1,118

Publication Type

Journal

Publication Title

ERJ. Engineering Research Journal

Publication Link

https://erjm.journals.ekb.eg/

MainTitle

A Multi-Objective Optimization of Probability and Capacity Utilization in a Feed Manufacturing Firm Using Goal Programming Techniques

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Article

Created At

25 Dec 2024