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Journal of Emerging Trends in Computing and Information Sciences >> Call for Papers Vol. 8 No. 3, March 2017

Journal of Emerging Trends in Computing and Information Sciences

Sensitivity Analysis of Process Parameters on the Optimal Mix and Profit Margin in Custard Production

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Author Okonkwo, U. C., Sinebe, J. E, Enyi, L. C.
ISSN 2079-8407
On Pages 556-567
Volume No. 5
Issue No. 7
Issue Date August 1, 2014
Publishing Date August 1, 2014
Keywords Sensitivity Analysis, Custard Production, Simplex Optimization, Simulation


Abstract

In this study, time studies of the processes involved in custard production as well as the costs implications were analysed. The results obtained were transformed into a format which enabled simplex optimization technique to be performed on the system. Thereafter, the system was programmed using MATLAB Graphic Users Integrated Development Environment (GUIDE) for simplex optimization to take care of possible changes in future in both the objective function and the constraints and to also generate quicker results. Holistic sensitivity analysis was carried out using each of the sensitive parameters and the results obtained in each case were analysed. The insight from the study will significantly enhance the decision making process of custard production industries. The sensitivity analysis results from this study can serve as a pedagogical tool of system changes to parameter variations.
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