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Determination of Optimal Product Mix for a Pump Manufacturing Industry


Affiliations
1 Dept. of Mechanical Engg., Vignan’s Engineering College, Vadlamudi, Via Tenali, Guntur, Andhra Pradesh, India
     

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This study “Determination of optimal product-mix for a pump manufacturing industry" has been done for a small scale industry manufacturing hand pumps and centrifugal pumps in South India, in order to get the maximum profits with the available resources. The above company has been manufacturing eight models of hand pumps and centrifugal pumps. The unit profit of each model are different. These pumps contain several parts which have to be processed on various machines. The processing times of each part on each machine are studied. From this information, the processing time of each model of pump on each machine is obtained. The maximum available time of each machine is determined. The above information is used to formulate the linear programming model for maximizing the profits. The LPP is solved using the TORA software. The product mix for getting the maximum profits with the available resources is obtained. The maximum profit is found to be Rs. 128.55 Lakhs per annum.
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  • Determination of Optimal Product Mix for a Pump Manufacturing Industry

Abstract Views: 216  |  PDF Views: 0

Authors

T. V. S. R. K. Prasad
Dept. of Mechanical Engg., Vignan’s Engineering College, Vadlamudi, Via Tenali, Guntur, Andhra Pradesh, India

Abstract


This study “Determination of optimal product-mix for a pump manufacturing industry" has been done for a small scale industry manufacturing hand pumps and centrifugal pumps in South India, in order to get the maximum profits with the available resources. The above company has been manufacturing eight models of hand pumps and centrifugal pumps. The unit profit of each model are different. These pumps contain several parts which have to be processed on various machines. The processing times of each part on each machine are studied. From this information, the processing time of each model of pump on each machine is obtained. The maximum available time of each machine is determined. The above information is used to formulate the linear programming model for maximizing the profits. The LPP is solved using the TORA software. The product mix for getting the maximum profits with the available resources is obtained. The maximum profit is found to be Rs. 128.55 Lakhs per annum.