Application of Integer Linear Programming to an Investment Problem of a Firm in Ghana

Abstract

This paper considers the application of Linear Programming (LP) to an investment decision problem of a firm in Ghana. The aim is to maximise the investment of the firm. The investment concern of the firm was first modelled as LP problem and then solved. A sensitivity analysis was subsequently performed on the model to assess its stability to slight variations of some selected parameters. This yielded a range of possibilities for the solution of the model and provided a basis for the selection of the best optimal solution.