GRAPHICAL METHODS OF LINEAR PROGRAMMING AND OPTIMAL ALLOCATION OF RESOURCES IN ANIMAL FEED COMPANIES IN PORT HARCOURT
Abstract
This study examines the relationship between graphical methods of linear programming and optimal allocation of resources in animal feed companies in Port Harcourt. The study adopted a correlational survey research design as it seeks to determine the relationship existing between two variables. The population of the study consisted of 20 animal feed firms in Port Harcourt as retrieved from Encyclopedia of Agriculture and Food Systems 2014. 3 managers were selected from each firm multiplied by 20 firms gives us a total of 60 respondents. The instrument used in data collection was a structured questionnaire titled graphical methods of linear programming and optimal allocation of resources. The result of the Cronbach's Alpha reliability test indicates .888 which is above .70 which implies that the items are reliable. Person product moment correlation was used to test hypotheses on SPSS version 25. The study revealed that there is a significant relationship between Graphical Method for Maximization and Efficiency Allocation of resources in animal feed companies in Port Harcourt, there is a significant relationship between Graphical Method for Maximization and Dynamic Allocation of resources in animal feed companies in Port Harcourt, there is a significant relationship between Graphical Method for Minimization and Efficiency Allocation of resources in animal feed companies in Port Harcourt, there is a significant relationship between Graphical Method for Minimization and Dynamic Allocation of resources in animal feed companies in Port Harcourt. The study concluded that graphical methods of linear programming have a positive relationship with optimal allocation of resources in animal feed companies in Port Harcourt. The study recommended that Animal feed companies in Port Harcourt should make use of graphical methods of linear programming to optimize their resource allocation efficiently.
