12th Annual International Conference on Industrial Engineering and Operations Management

Evaluating Company X’s Product Mix and Product Size to Maximize Profit

Sobhi Mejjaouli, Alanoud AlSabhan, Haifa AlShathry & Rima AlEisa
Publisher: IEOM Society International
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Track: Operations Research
Abstract

Company X is a worldwide market dealing mainly in decorative paints and performance coating. More specifically the company is classified as a matrix organization that is divided into seven regions which are responsible for the sales of Marine (27%), Protective (24%) and Powder(10%) Coatings as well as Decorative Paints(39%). The company is represented in more than 100 countries in the world were it operates with 37 production facilities in over 21 countries and 63 companies in 45 countries. In this report we will analyze how the company’s investment in resources (raw materials) will allow them to reach their optimal combination of products to be produced to obtain maximum return, and ultimately reach the goal of maximizing their profits.

 

Published in: 12th Annual International Conference on Industrial Engineering and Operations Management, Istanbul, Turkey

Publisher: IEOM Society International
Date of Conference: March 7-10, 2022

ISBN: 978-1-7923-6131-9
ISSN/E-ISSN: 2169-8767