An application of mathematical programming to soybean processing
Robert E Markland and
Robert J Newett
Omega, 1975, vol. 3, issue 3, 313-320
Abstract:
In this paper, a mathematical programming methodology is applied to a production planning problem involving a soybean processing plant which can purchase its raw materials from multiple origins and must ship its finished products to multiple destinations. A time horizon production planning model is developed, with the objective of maximizing the net income produced by this plant. This model is tested for a five origin, three destination, processing network, over a thirteen month time horizon. Test results, in terms of a production plan and associated purchasing-allocation decisions, are presented and discussed.
Date: 1975
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