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39 articles for “profit maximization”
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A Predictive Analytics Model for Maximising Profit in e-commerce Companies
Abstract: AbstractPredictive analytics have become a crucial aspect for many e-commerce companies. The primary objective of this work is to apply and compare different machine learning techniques to build an efficient and accurate predictive model for the analysis and identification of customers who are expected to purchase again in the next 90 days. The main performance goal of the predictive model is to maximize profit for the e-commerce company by providing …
Published in E-Commerce for Future & Trends · Vol. 4, Issue 2, 2017 · pp. 10–23 Read article
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Data-driven Comprehensive Predictive Model Leveraging Market Insights and Topographical Factors for Crop Productivity and Profitability
Abstract: For global food security and economic expansion, the agricultural industry is essential. However, farmers face numerous challenges such as unpredictable weather patterns, soil degradation, and market volatility, which affect crop productivity and profitability. This article proposes a prediction model that leverages market trends and topographical factors to optimize crop productivity and maximize profits. The model is designed using machine learning techniques and takes into account variables such as soil type, …
Published in Journal of Artificial Intelligence Research & Advances · Vol. 10, Issue 2, 2023 · pp. 21–30 Read article
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Decision-making Under Certainty: a Linear Programming Approach towards Optimal Product Mix Decisions—a Case Study in Amhara Pipe Factory
Abstract: Manufacturing organizations highly benefit from proper allocation of resources (working capital, raw materials, labor power, working times, machinery, etc.) to optimize a product mix which is useful for profit maximization. The main purpose of this study is to critically examine the products produced in Amhara Pipe Factory to certainly decide which of these products must be given more attention or produced more in order to maximize the profit. The products …
Published in Journal of Production Research & Management · Vol. 9, Issue 3, 2019 · pp. 15–26 Read article
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Supply-Chain Management from Farmers to Greengrocer- Problems and Proposed ICT Based Model
Abstract: AbstractAfter delisting of agricultural products still, farmers sell their product through brokers at APMC while women greengrocer purchased produce through brokers and sell it to the local area in the city. It makes that brokerage has to be paid by both the person for buying and selling products so farmers sell with a brokerage to brokers at APMC and local women greengrocer purchase by paying brokerage to brokers. Here it …
Published in Journal of Advanced Database Management & Systems · Vol. 6, Issue 1, 2019 · pp. 1–6 Read article
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Implementation of K-Means clustering algorithm with technical indicators to identify Profitable stocks
Abstract: In the ever-changing world of stock market trading, accurately predicting price movements is key to maximizing profits. Technical analysis, which looks at past price data to predict future trends, provides valuable insights for investors. This paper delves into using machine learning methods, particularly the K-Means clustering algorithm, along with moving average data, to categorize daily trading patterns. By breaking down the market into clusters and examining the main patterns within …
Published in Current Trends in Signal Processing · Vol. 13, Issue 3, 2023 · pp. 8–14 Read article
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Problem of pricing American Fuzzy Put Option Buyer’s Model for general Trapezoidal Fuzzy Numbers
Abstract: Fuzzy American put option pricing in both discrete and continuous time by using fuzzy random variables and fuzzy expectation based on the decision maker's subjective judgement was studied by Yoshida. American Fuzzy Put Option Model (AFPOM) based on fuzzy risk-neutral probability measure was defined by Muzzioli and Reynaerts using non-overlapping trapezoidal fuzzy numbers. In this study, we introduce a new fuzzy risk-neutral probability measure for a more general class of …
Published in Recent Trends in Parallel Computing · Vol. 6, Issue 1, 2019 · pp. 27–37 Read article
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Microclimate Conditions Monitoring using IoT to Maximize Fruits and Vegetables Production
Abstract: AbstractTo save the production cost of the Agro fields and maximizing the economy, production and quality using automation as well as technological advancements. This paper discusses about maximizing the agro-production using control in the microclimate conditions using IIoT (Industrial Internet of Things), yield a healthier crop production with maximum profit. The method includes continuous monitoring of the farm, includes monitoring climate conditions with respect to the crop on the field …
Published in Recent Trends in Sensor Research & Technology · Vol. 4, Issue 3, 2017 · pp. 15–20 Read article
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Linear Programming for Profit Optimization in Small-Scale Manufacturing: A Python-Based Simplex and Machine Learning Approach
Abstract: Profit maximization under resource constraints is a classic challenge. Small manufacturers face tight margins and scarce capital every day. This paper tackles that problem using four Python-based methods. The case study is Bintang Bakery in Bandar Lampung, Indonesia. The bakery makes three bread types and faces 18 resource constraints. Data comes from Anggoro et al. Methods tested include LP revised simplex, Differential Evolution, PSO, and ANN Surrogate. General-purpose scipy minimizers …
Published in Research & Reviews : Journal of Statistics · Vol. 15, Issue 2, 2026 · pp. 01–11 Read article
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Economic Development: A Challenge with Sustainability
Abstract: The fast pace of Economic Development is the need and expectation of every economy but it must fine tune with sustainability is an urgent need considering the present situation. Developmental matters should be managed in such a way that it can be fruitful for the generation to come. The way we are moving in building infrastructure for the comforts and better living or to put the benchmark with the competitive …
Published in OmniScience: A Multi-disciplinary Journal · Vol. 14, Issue 1, 2024 · pp. 86–90 Read article
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Experimental Analysis of Line Balancing Issues in Automotive Fuel Tank Bracket Production
Abstract: Assembly line balancing is a manufacturing technique aimed at determining the anticipated production rate for manufacturing a specific product within a defined timeframe. Six Sigma, a profit-maximizing method, focuses on achieving consumer satisfaction. Reducing cycle time has become crucial to enhance production rates and meet client expectations. Assembly lines play a pivotal role in industrial production as efficient flow-line systems. Although building or redesigning assembly lines requires significant capital investment, …
Published in Journal of Automobile Engineering and Applications · Vol. 11, Issue 2, 2024 · pp. 25–33 Read article
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Solving Optimization Problems Using the Graphical Method of Linear Programming
Abstract: Linear programming is a mathematical optimization technique used for maximizing or minimizing a linear objective function while satisfying a set of linear constraints. This method plays a crucial role in various industries, including manufacturing, finance, transportation, and supply chain management. Among the different approaches to solving linear programming problems, the graphical method provides a simple and intuitive way to visualize and solve problems involving two decision variables. By plotting constraints …
Published in Research & Reviews : Journal of Statistics · Vol. 14, Issue 2, 2025 · pp. 01–08 Read article
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Detection and Control of Adulterants in Milk
Abstract: Milk is one of the most essential and widely consumed staple foods, valued for its rich nutritional composition, including proteins, fats, vitamins, and minerals necessary for human growth and health. However, the increasing demand for milk, coupled with economic incentives, has led to the widespread issue of milk adulteration, posing serious concerns for food safety and public health. Adulteration involves the addition of harmful or inferior substances to milk, either …
Published in Research and Reviews : Journal of Dairy Science and Technology · Vol. 15, Issue 1, 2026 · pp. 1–6 Read article
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Microcontroller Based Automatic Thermal Control Mechanism in Small Scale Poultry Farm
Abstract: Improvements to poultry housing systems need to focus on providing an environment that satisfies the bird’s thermal requirements in brooding and rearing duration. Newly hatched birds have a poor ability to control body temperature, and require some form of supplementary heating, particularly in the first few days after hatch, particularly in too cold and too hot weather. This paper presents the design of automatic thermal control mechanism in small-scale poultry …
Published in Journal of Electronic Design Technology · Vol. 7, Issue 3, 2016 · pp. 1–6 Read article
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Environmental Economics of Cement Distribution: Impact of Geographic Variables on its Pricing and Marketing Structure in Rivers State
Abstract: The environment is a natural capital that supports all forms of business transactions and is a decisive factor in the economics of the construction Industry. Cement is a vital material used for building and construction works in contemporary society. Therefore, by virtue of its importance in the building and construction industry, its pricing and marketing structure are of vital and strategic significance to the availability of all forms of housing …
Published in Journal of Energy, Environment & Carbon Credits · Vol. 12, Issue 2, 2022 · pp. 45–54 Read article
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Fuzzy Programming Technique and Proposed Application
Abstract: A solution approach supported fuzzy linear programming is planned and applied to best machine scheduling downside. During this resolution approach, errors within the demand of assorted product throughout ensuing production period are thought of to be fuzzy in nature. In standard linear programming approach it's assumed that there's no error within the expected demand of assorted product. A fuzzy linear programming approach is planned to get an optimal resolution underneath …
Published in Recent Trends in Programming languages · Vol. 2, Issue 1, 2015 · pp. 7–11 Read article
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Customers’ Information: A Tool for Customers’ Retention in Hotels, A Case Study of Presidential Hotel, Rumuola, Portharcourt, Rivers State
Abstract: This research focused on customers’ information, a tool for customers’ retention, a case study of Presidential Hotel, Rumuola, Portharcourt, Rivers State. Specifically, the study helped to know how to win customers in other words to retain them and make them enjoy the various services being paid for and prefer such services to other competing hotels. The study made use of survey for its research design and a sample size of …
Published in OmniScience: A Multi-disciplinary Journal · Vol. 7, Issue 3, 2017 · pp. 1–6 Read article
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The Mysterious Domination of Food Contaminants and Adulterants in Bangladesh
Abstract: Food adulteration and contamination are as old as the civilization itself. It is the consequence of the development of civilization, over utilization of nature, industrialization and in fact a price for the progress. It is highly prominent in urban areas of Bangladesh. It is the consequence of commercialism of business people who are doing this knowingly to maximize profit. People with higher educational background show higher degree of awareness of …
Published in Research & Reviews : Journal of Food Science & Technology · Vol. 7, Issue 3, 2018 · pp. 28–39 Read article
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Comprehensive Survey on Intelligent Prognostication of Profitable Farming
Abstract: Nowadays, agriculture has become an important field of research. Particularly, when it comes to crop prediction, agriculture depends on soil, climate, and temperature. Formerly, farmers used to decide which crop to cultivate, what is needed for its growth, and when to harvest it at its best based on their expertise. But due to continuous changes in environmental conditions, it has become very difficult to take any decision related to farming …
Published in Journal of Artificial Intelligence Research & Advances · Vol. 10, Issue 2, 2023 · pp. 63–69 Read article
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Blockchain Technology ForSelling And Buying Animals-an Android Application(Krushi Bazaar)
Abstract: An Android application “Animal selling app” is to help farmers ensure greater profitability through direct farmer to supplier and farmer to farmer communication. This serviceboosts business communication andbrings transparency in the system. This innovative application allows for good farmer, retailer and supplier communication. It allows farmers to login and communicate to respective dealers. When dealers publish an advertisement or offer, the respective farmers can get to know through this application …
Published in Recent Trends in Programming languages · Vol. 7, Issue 2, 2020 · pp. 6–9 Read article
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Optimization of Performance Characteristics of Rail Wheel Profiling using Taguchi with ANOVA
Abstract: Optimization is the process or technique to approach the best output goal, which is necessary, that the production of the industries at the best quality in minimum total input cost and maximize the profit. So there are many optimization methods, one of them is Taguchi method. The outline of the paper, the optimization approach based on Taguchi method, which is to optimize the cutting parameter in under grounded CNC Turning …
Published in Trends in Transport Engineering and Applications · Vol. 2, Issue 1, 2015 · pp. 25–38 Read article