Optimizing Strategy To Leverage Profit Of A Home Industry

Panday, R and Huda, A and Wibowo, A and Winarso, W and Nursal, M (2019) Optimizing Strategy To Leverage Profit Of A Home Industry. In: ICIDS 2019, 10 September 2019, Bandar Lampung, Indonesia.

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Abstract

Micro small and medium enterprise (SME) is a business type with a small to medium amount of capital and fast cash turnover because most of the businesses are generally retailing. As a retail, the selling price and quality of their products are competing with each other. Therefore, a proper strategy is needed in order to leverage their profits. One of the strategies is through optimizing the production process. This case study was conducted in a garment industry in Indonesia producing a variety of clothes. Through a linear programming and sensitivity analysis, the most optimum process was found. By applying the suggested process, the company is projected to be able to increase its profits from 24% to 33%. This study significantly contributes to the micro SMEs, especially the garment industry in planning proper strategies in order to increase its profits.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: profit optimization linear programming sensitivity analysis micro small and medium enterprises garment industry
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: EAI Editor IV
Date Deposited: 29 Sep 2021 10:14
Last Modified: 29 Sep 2021 10:14
URI: https://eprints.eudl.eu/id/eprint/6990

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