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http://dx.doi.org/10.11625/KJOA.2018.26.2.181

Applying Multi-objective Mathematical Programming Model for Business Planning of Eco-friendly Agrifood Processing Enterprise in Korea  

Cho, Wan-Hyung (경북대학교 농업경제학과)
Publication Information
Korean Journal of Organic Agriculture / v.26, no.2, 2018 , pp. 181-202 More about this Journal
Abstract
Most of eco-friendly agrifood processing enterprises in Korean rural area are small and medium-sized business. For this reason, it's hard for eco-friendly agrifood processing enterprises to neither analyze business performance for efficient business management nor establish their own business plan for rational decision-making. Therefore it's necessary to design effective mathematical programming model and to make practical application which can support rational management decision-making ensuring the stable business activity of eco-friendly agrifood processing enterprises. Accordingly this paper focuses on the designing and its application of multi-objective mathematical programming model using goal programming to support rational decision-making of eco-friendly agrifood processing enterprise. Hansalimanseongmachum Food Inc. which runs soy bean processing business making tofu based on regional-based soybean farms around Anseong City will be the specific case to apply multi-objective mathematical programming model in practice. And it will suggest measures to support rational management decision-making of other eco-friendly agrifood processing enterprises.
Keywords
multi-objective mathematical programming model; goal programming; business planning; management decision-making; eco-friendly agrifood;
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