International Journal of Management and Fuzzy Systems
Volume 5, Issue 1, March 2019, Pages: 14-20
Received: Dec. 27, 2018;
Accepted: Jan. 31, 2019;
Published: Feb. 28, 2019
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Eronmose Endurance Ajayi-Daniels, Department of Applied Information Technology, College of Engineering and Science, Victoria University, Melbourne, Australia
This study adopted a multi-objective optimization model for a fashion firm using goal programming approach. This was done by optimizing several conflicting objectives at once by using an optimization tool in Linear Programming Solver (LiPs) software. The research objective of optimizing resources in a fashion firm was achieved through the utilization of goal programming whereby goals were prioritized according to importance. The study had three priority level goals and for each priority goal optimum solution was provided. The findings showed that for priority level one the avoidance of overtime, 8 hours is the optimum time as against the 10 hours working time; priority level two showed that a profit of N8,000 is realizable as earlier targeted and priority level three showed that the firm can meet its set goal of 3 garments daily. The study concludes that with efficient use of resources, set goals can be achieved.
Eronmose Endurance Ajayi-Daniels,
Resource Optimization in a Fashion Firm: A Goal Programming Approach, International Journal of Management and Fuzzy Systems.
Vol. 5, No. 1,
2019, pp. 14-20.
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