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A model for optimizing the production of pharmaceutical products

Author

Listed:
  • Nevena Gospodinova

    (University of Economics - Varna)

Abstract

The problem associated with the optimal production planning is especially relevant in modern industrial enterprises. The most commonly used optimality criteria in this context are: maximizing the total profit; minimizing the cost per unit of production; maximizing the capacity utilization; minimizing the total production costs. This article aims to explore the possibility for optimizing the production of pharmaceutical products through the construction of a mathematical model that can be viewed in two ways – as a single-product model and a multi-product model. As an optimality criterion it is set the minimization of the cost per unit of production for a given planning period. The author proposes an analytical method for solving the nonlinear optimization problem. An optimal production plan of Tylosin tartrate is found using the single-product model.

Suggested Citation

  • Nevena Gospodinova, 2017. "A model for optimizing the production of pharmaceutical products," Economics and computer science, Publishing house "Knowledge and business" Varna, issue 2, pages 23-35.
    • Handle: RePEc:kab:journl:y:2017:i:2:p:23-35
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