The study has successfully determined the product mix of Golden Plastic Industry Limited, Emene. In the process, the optimal quantities of the various PVC pipes to be produced within the study period in order to maximize profit were established. Also the status of the resources and the unit worth of each resource to the objective function were known. This is the advantage of going beyond mere knowledge of existing decision making tools to actual practical proof of its workability.
Another issue becomes how the managerial cadre of the productive firms at Emene Industrial Layout could be exposed to the rigorous steps involved in arriving at the optimal values of the linear programming model. From the researchers’ personal observations in the course of this study, Golden Plastic Industry Limited, Emene has relatively few persons skilled in the Operations Research techniques who also possess a broad understanding of business environment and knowledge of the managerial roles and functions. As such, the firm should rely on outside consultants to bring this and other techniques to bear on management’s decision problems. This can go a long way to assisting the management, at least, in the short run.
However, in the long run, many companies would, probably, gain from having permanent employees who can suggest opportunities to utilize these new techniques. They should be people who can effectively and efficiently interpret the results of mathematical analysis to top managers in the company’s particular context, as well as possess the necessary competence in the utilization of computers for easy handling of the complex mathematical techniques involved.
The study has successfully determined the product mix of Golden Plastic Industry Limited, Emene. In the process, the optimal quantities of the various PVC pipes to be produced within the study period in order to maximize profit were established. Also the status of the resources and the unit worth of each resource to the objective function were known. This is the advantage of going beyond mere knowledge of existing decision making tools to actual practical proof of its workability. Another issue becomes how the managerial cadre of the productive firms at Emene Industrial Layout could be exposed to the rigorous steps involved in arriving at the optimal values of the linear programming model. From the researchers’ personal observations in the course of this study, Golden Plastic Industry Limited, Emene has relatively few persons skilled in the Operations Research techniques who also possess a broad understanding of business environment and knowledge of the managerial roles and functions. As such, the firm should rely on outside consultants to bring this and other techniques to bear on management’s decision problems. This can go a long way to assisting the management, at least, in the short run. However, in the long run, many companies would, probably, gain from having permanent employees who can suggest opportunities to utilize these new techniques. They should be people who can effectively and efficiently interpret the results of mathematical analysis to top managers in the company’s particular context, as well as possess the necessary competence in the utilization of computers for easy handling of the complex mathematical techniques involved.
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