Resource Optimization in a Fashion Firm: A Goal Programming Approach

Eronmose Endurance Ajayi-Daniels

doi:doi:10.11648/j.ijmfs.20190501.13

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Resource Optimization in a Fashion Firm: A Goal Programming Approach

Eronmose Endurance Ajayi-Daniels

Published in International Journal of Management and Fuzzy Systems (Volume 5, Issue 1)

Received: 27 December 2018 Accepted: 31 January 2019 Published: 28 February 2019

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Abstract

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.

Published in	International Journal of Management and Fuzzy Systems (Volume 5, Issue 1)
DOI	10.11648/j.ijmfs.20190501.13
Page(s)	14-20
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Fashion, Garment, Goal Programming, Model, Optimization

References

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Eronmose Endurance Ajayi-Daniels. (2019). Resource Optimization in a Fashion Firm: A Goal Programming Approach. International Journal of Management and Fuzzy Systems, 5(1), 14-20. https://doi.org/10.11648/j.ijmfs.20190501.13

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ACS Style

Eronmose Endurance Ajayi-Daniels. Resource Optimization in a Fashion Firm: A Goal Programming Approach. Int. J. Manag. Fuzzy Syst. 2019, 5(1), 14-20. doi: 10.11648/j.ijmfs.20190501.13

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AMA Style

Eronmose Endurance Ajayi-Daniels. Resource Optimization in a Fashion Firm: A Goal Programming Approach. Int J Manag Fuzzy Syst. 2019;5(1):14-20. doi: 10.11648/j.ijmfs.20190501.13

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@article{10.11648/j.ijmfs.20190501.13,
  author = {Eronmose Endurance Ajayi-Daniels},
  title = {Resource Optimization in a Fashion Firm: A Goal Programming Approach},
  journal = {International Journal of Management and Fuzzy Systems},
  volume = {5},
  number = {1},
  pages = {14-20},
  doi = {10.11648/j.ijmfs.20190501.13},
  url = {https://doi.org/10.11648/j.ijmfs.20190501.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijmfs.20190501.13},
  abstract = {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.},
 year = {2019}
}

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TY  - JOUR
T1  - Resource Optimization in a Fashion Firm: A Goal Programming Approach
AU  - Eronmose Endurance Ajayi-Daniels
Y1  - 2019/02/28
PY  - 2019
N1  - https://doi.org/10.11648/j.ijmfs.20190501.13
DO  - 10.11648/j.ijmfs.20190501.13
T2  - International Journal of Management and Fuzzy Systems
JF  - International Journal of Management and Fuzzy Systems
JO  - International Journal of Management and Fuzzy Systems
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PB  - Science Publishing Group
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UR  - https://doi.org/10.11648/j.ijmfs.20190501.13
AB  - 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.
VL  - 5
IS  - 1
ER  -

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Author Information

Eronmose Endurance Ajayi-Daniels

Department of Applied Information Technology, College of Engineering and Science, Victoria University, Melbourne, Australia

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APA Style

Eronmose Endurance Ajayi-Daniels. (2019). Resource Optimization in a Fashion Firm: A Goal Programming Approach. International Journal of Management and Fuzzy Systems, 5(1), 14-20. https://doi.org/10.11648/j.ijmfs.20190501.13

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ACS Style

Eronmose Endurance Ajayi-Daniels. Resource Optimization in a Fashion Firm: A Goal Programming Approach. Int. J. Manag. Fuzzy Syst. 2019, 5(1), 14-20. doi: 10.11648/j.ijmfs.20190501.13

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AMA Style

Eronmose Endurance Ajayi-Daniels. Resource Optimization in a Fashion Firm: A Goal Programming Approach. Int J Manag Fuzzy Syst. 2019;5(1):14-20. doi: 10.11648/j.ijmfs.20190501.13

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@article{10.11648/j.ijmfs.20190501.13,
  author = {Eronmose Endurance Ajayi-Daniels},
  title = {Resource Optimization in a Fashion Firm: A Goal Programming Approach},
  journal = {International Journal of Management and Fuzzy Systems},
  volume = {5},
  number = {1},
  pages = {14-20},
  doi = {10.11648/j.ijmfs.20190501.13},
  url = {https://doi.org/10.11648/j.ijmfs.20190501.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijmfs.20190501.13},
  abstract = {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.},
 year = {2019}
}

Copy | Download

TY  - JOUR
T1  - Resource Optimization in a Fashion Firm: A Goal Programming Approach
AU  - Eronmose Endurance Ajayi-Daniels
Y1  - 2019/02/28
PY  - 2019
N1  - https://doi.org/10.11648/j.ijmfs.20190501.13
DO  - 10.11648/j.ijmfs.20190501.13
T2  - International Journal of Management and Fuzzy Systems
JF  - International Journal of Management and Fuzzy Systems
JO  - International Journal of Management and Fuzzy Systems
SP  - 14
EP  - 20
PB  - Science Publishing Group
SN  - 2575-4947
UR  - https://doi.org/10.11648/j.ijmfs.20190501.13
AB  - 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.
VL  - 5
IS  - 1
ER  -

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