This study explores the imperative of profit maximization within the context of an apparel industry in Bangladesh. The research centers on the application of the Linear Programming (LP) approach along with Cost engineering and rigorous data analysis including multiple forecasting techniques to devise a systematic and quantitative strategy for maximizing profits in this multifaceted sector. The study recognizes the challenges posed by the industry's multiproduct nature and aspires to contribute valuable insights that resonate with the unique dynamics of the Bangladeshi apparel landscape. By formulating a comprehensive LP model, the research aims to address critical aspects such as resource allocation, production planning, process planning, transportation and demand considerations. The objectives extend to profit analysis based periodic forecasting of five months to assess the model's robustness, adaptability and profit pattern to dynamic business scenarios. This study shows a comparison between the profit based on the company’s present scenario and model-based analysis. Through this research, we aspire to provide a practical and accessible guide for industry practitioners, policymakers, and researchers seeking to enhance profit maximization strategies within Bangladesh's apparel industry, ultimately contributing to the sector's sustainable growth and competitiveness.
Ripon et al. (Wed,) studied this question.