APPLICATIONS OF LINEAR PROGRAMMING IN PROFIT MAXIMIZATION
(A CASE STUDY OF INNOSON PLASTIC RUBER PRODUCTION COMPANY EMENE ENUGU STATE. USING CRITICAL THINKING APPROACH)
By
NNADI VALENTINE OKECHUKWU
Presented To
Department of Mathematics
Abstract
Any organizational set up aims at maximization of profit from its investment from minimum cost of objective function.This research work applies the concept of revised simplex method an aspect of linear programming in solving industrial problems with the aim of maximizing profit. The industry Innoson Nigeria company specialist in production of plastic rubbers of various types, such like rubber drum, rubber tank, plastic spool, PVC rubber pipe, plastic chair etc.
The population used for this study is 80, also out of this 80, 40 were used for sample. Three research question and three hypotheses were formulated to quid the study. The study adopted the survey research design. Oral interview and questionnaire was used to collect data from the respondents, based on the analysis of data collected it was observed that, profit can be maximize using revised simplex method of linear programming and also, that linear programming helps Innoson and other organization to take a valid decision.
Therefore the researcher encourages Innoson and other firm, companies, industries and organization to abide by the principles of linear programming in profit maximization.
Table of content
Title page - - - - - - - - - - -iApproval page- - - - - - - - - -ii
Certification- - - - - - - - - - -iii
Dedication- - - - - - - - - - -iv
Acknowledgement- - - - - - - - - -vi
Abstract- - - - - - - - - - - -vii
Table of Content - - - - - - - - -
CHAPTER ONE - INTRODUCTION
1.1 Background of the study - - - - - - -
1.2 Purpose of the study - - - - - - - -
1.3 Objective of the study - - - - - - - -
1.4 Significance of the study - - - - - - -
1.5 Scope of the study - - - - - - - -
1.6 Research question - - - - - - - -
1.6 Research hypothesis - - - - - - - -
1.8 Definition of term - - - - - - - -
CHAPTER TWO – REVIEW OF RELATED LITERATURE
2.1 Conceptual framework - - - - - - -
2.2 Theoretical framework - - - - - - - -
2.3 Empirical framework - - - - - - - -
2.4 Summary of the related literature - - - - -
CHAPTER THREE
3.1 Research design - - - - - - - - -
3.2 Area of the study - - - - - - - - -
3.3 Population of the study - - - - - - -
3.4 Sample and grouping techniques - - - - -
3.5 Research instrument - - - - - - - -
3.6 Validity of the instrument - - - - - - -
3.7 Reliability of the instrument - - - - - -
3.8 Method of data collection - - - - - - -
3.9 Method of data analysis - - - - - - -
CHAPTER FOUR
4.1 Data presentation and analysis - - - - - -
4.2 Questionnaires - - - - - - - - -
4.3 Hypothesis testing by pulling the three - - - -
4.4 Hypothesis question - - - - - - - -
4.5 Decision rule - - - - - - - - -
4.6 Summary of the finding - - - - - - -
CHAPTER FIVE
5.1 Discussion of the Result - - - - - - -
5.2 Conclusion and Recommendation - - - - -
5.3 Discussion of the Result - - - - - - -
5.4 Summary - - - - - - - - - -
5.5 Limitation - - - - - - - - - -
5.6 Recommendation - - - - - - - -
References - - - - - - - - - -
Appendix - - - - - - - - - - -
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