Multi-Objective Decision Making Approach for Product Mix Problem: A Literature Review
The product-mix problem is suitable in many Fields. This paper reviews a practical optimization problem of product-mix based on availability of resources, raw materials. The objective is to maximize profit and minimize waste satisfactory all constraints. In this paper, the problem is formulated as a fuzzy linear programming model as well as by using goal programming approach.
Keywords - Product Mix, Mathematical Model Formulation, Multi -Objective Fuzzy Linear Programming.