A New Quadratic Formulation to Ensure Maximum Profit of a Textile Industry and a Modified Harmonic Average Technique to Solve Multi Objective Quadratic Programming Problem (MOQPP)

This paper presents a survey of QPP in corporate and economic planning formulation. The research aims to find maximum profits diagnostics of a Textile industry by using QPP. Here a MOQPP has been formulated from real industrial data to change the problem into Mathematical formula then solved it by AMPL software. Chandra sen’s technique, Statistical (arithmetic, geometric, harmonic) Average technique and modified statistical average technique are used to solve multi objective quadratic programming problem (MOQPP) converting it into single objective QPP then solving by AMPL software. After comparing, the results show that the modified harmonic average technique is best than others. The conclusion will be focus on the maximum profit of the industry which ensures by using Modified harmonic average technique.