Linear Programming for Profit Maximization of Agricultural Stock
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Date
2024-02-18
Journal Title
Journal ISSN
Volume Title
Publisher
Maths Model Research Group, FUT, Minna, Nigeria
Abstract
This paper discusses a few common issues that are specific to agricultural investing, such as the challenge of choosing which stocks to buy in order to maximize returns. The linear programming model was applied to ten (10) agricultural stocks, and the simplex approach was used as the numerical technique to calculate the best possible outcome. The TORA programmer was used to verify the best option, and the findings indicated that not every item should be invested order to maximize profit.
Description
A Conference Proceeding
Keywords
agricultural stock, linear programming (LP), mathematical programming, profit maximization, sensitivity analysis, simplex method.
Citation
Jacob Rebecca, Nyor Ngutor & Khadeejah James Audu. (2024). Linear Programming for Profit Maximization of Agricultural Stock. Proceedings of International Conference on Mathematical Modelling Optimization and Analysis of Disease Dynamics (ICMMOADD).