Matches in SemOpenAlex for { <https://semopenalex.org/work/W4254378277> ?p ?o ?g. }
Showing items 1 to 62 of
62
with 100 items per page.
- W4254378277 endingPage "11" @default.
- W4254378277 startingPage "8" @default.
- W4254378277 abstract "Paint manufacturing is an advanced area of technology in the world. Necessarily paints are applied to any structure or body for a virtuous number of reasons : corrosion protection, aesthetic features to create attractive colours on buildings to protect it from environmental degradation and none the less to protect the bodies of automobiles, aircraft, and ships from ecological damage; also to give the right shades of colours catching to the eyes and minds of customers. In this research work, mathematical models developed by the researchers were employed to maximise the profit margin of a painting Company. The mathematical optimisation models are Linear Programming production demand-based planning models. It is geared towards maximising the profit of the establishment subject to a certain number of critical constraints. Lindo computer software was employed in the simulation to access the profitability index of the company subject to demand constraints. Revenue accruable from sales of the items produced was ten million and six hundred and twenty-seven thousand sixty-two naira and fifty-three kobo (N10, 627,062.53). The different cost inputs resulted in the expenditure of ten million and six hundred and ten thousand and six forty naira (N10, 610,640.00). The profit margin is sixteen thousand four hundred and twenty-two naira and fifty-three kobo (N16,422.53). Profit optimisation maximisation procedure using Lindo Computer Software resulted in a profit margin of twenty-nine thousand one hundred and ten naira (N29,100.00). The percentage difference in profit margin is 77.26%. The simulation profit optimisation results revealed a tremendous difference in turnover margin and called for an interaction with the Academy Color Paint Company for enhancement in the turnover margin of their establishment." @default.
- W4254378277 created "2022-05-12" @default.
- W4254378277 creator A5000861241 @default.
- W4254378277 creator A5036723271 @default.
- W4254378277 date "2020-01-14" @default.
- W4254378277 modified "2023-09-27" @default.
- W4254378277 title "Computer Simulation Models for Profit Maximisation in a Paint Production Company" @default.
- W4254378277 doi "https://doi.org/10.24018/ejeng.2020.5.1.1679" @default.
- W4254378277 hasPublicationYear "2020" @default.
- W4254378277 type Work @default.
- W4254378277 citedByCount "0" @default.
- W4254378277 crossrefType "journal-article" @default.
- W4254378277 hasAuthorship W4254378277A5000861241 @default.
- W4254378277 hasAuthorship W4254378277A5036723271 @default.
- W4254378277 hasConcept C100716732 @default.
- W4254378277 hasConcept C10138342 @default.
- W4254378277 hasConcept C127413603 @default.
- W4254378277 hasConcept C129361004 @default.
- W4254378277 hasConcept C144133560 @default.
- W4254378277 hasConcept C15430695 @default.
- W4254378277 hasConcept C162324750 @default.
- W4254378277 hasConcept C175444787 @default.
- W4254378277 hasConcept C181622380 @default.
- W4254378277 hasConcept C189560676 @default.
- W4254378277 hasConcept C195487862 @default.
- W4254378277 hasConcept C21547014 @default.
- W4254378277 hasConcept C41008148 @default.
- W4254378277 hasConcept C42475967 @default.
- W4254378277 hasConceptScore W4254378277C100716732 @default.
- W4254378277 hasConceptScore W4254378277C10138342 @default.
- W4254378277 hasConceptScore W4254378277C127413603 @default.
- W4254378277 hasConceptScore W4254378277C129361004 @default.
- W4254378277 hasConceptScore W4254378277C144133560 @default.
- W4254378277 hasConceptScore W4254378277C15430695 @default.
- W4254378277 hasConceptScore W4254378277C162324750 @default.
- W4254378277 hasConceptScore W4254378277C175444787 @default.
- W4254378277 hasConceptScore W4254378277C181622380 @default.
- W4254378277 hasConceptScore W4254378277C189560676 @default.
- W4254378277 hasConceptScore W4254378277C195487862 @default.
- W4254378277 hasConceptScore W4254378277C21547014 @default.
- W4254378277 hasConceptScore W4254378277C41008148 @default.
- W4254378277 hasConceptScore W4254378277C42475967 @default.
- W4254378277 hasIssue "1" @default.
- W4254378277 hasLocation W42543782771 @default.
- W4254378277 hasOpenAccess W4254378277 @default.
- W4254378277 hasPrimaryLocation W42543782771 @default.
- W4254378277 hasRelatedWork W1605266489 @default.
- W4254378277 hasRelatedWork W1874547852 @default.
- W4254378277 hasRelatedWork W2556363814 @default.
- W4254378277 hasRelatedWork W2604259260 @default.
- W4254378277 hasRelatedWork W2955248334 @default.
- W4254378277 hasRelatedWork W3003948875 @default.
- W4254378277 hasRelatedWork W3027455698 @default.
- W4254378277 hasRelatedWork W3178819576 @default.
- W4254378277 hasRelatedWork W4254378277 @default.
- W4254378277 hasRelatedWork W4312849235 @default.
- W4254378277 hasVolume "5" @default.
- W4254378277 isParatext "false" @default.
- W4254378277 isRetracted "false" @default.
- W4254378277 workType "article" @default.