This was a consulting project and involved:
- Building a Mathematical model for purchasing of commodities for manufacturing of soaps. This model considered demand, forecast for soaps and price and quantity forecast for commodities. The model then helped the buyer to take a decision about buying a commodity and its probable impact on inventory. Constraints such as cash flows, availability of storage space, life of commodity etc. were also considered.
- Building an optimizing algorithm to maximize nutrient content of animal feed mix, given availability of raw materials and their costs. Certain nutritional constraints were also imposed.
- Building a job costing system for the feed mix manufacture.
This assignment was carried out for the Tata Oil Mills Company Limited.