Dynamic Cost Optimization: Goal Programming and 
Lindo Optimizer Applications for Variable Cost 
Production in Diverse Problem Sets

Chauhan Priyank Hasmukhbhai; Ritu Khanna

doi:https://doi.org/10.14445/22315373/IJMTT-V71I6P101

International Journal of Mathematics Trends and Technology

Research Article | Open Access | Download PDF

Volume 71 | Issue 6 | Year 2025 | Article Id. IJMTT-V71I6P101 | DOI : https://doi.org/10.14445/22315373/IJMTT-V71I6P101

Dynamic Cost Optimization: Goal Programming and Lindo Optimizer Applications for Variable Cost Production in Diverse Problem Sets

Chauhan Priyank Hasmukhbhai, Ritu Khanna

Received	Revised	Accepted	Published
04 Apr 2025	15 May 2025	01 Jun 2025	16 Jun 2025

Abstract

Optimizing production costs in dynamic and uncertain environments is crucial for organizational sustainability in an increasingly competitive global market. This study offers an elaborate solution to the problem of dynamic cost optimization by using goal programming accompanied by Lindo Optimizer, set for a variable cost production environment over several problem configurations. The research objectives are to develop multi-objective models that balance cost reduction resources, allocation, and production quantity competitively. Systematic prioritization and reconciliation of conflicting objectives are managed through goal programming, and model resolution is done through Lindo Optimizer on supplied linear and nonlinear models. The case studies in this study are derived from manufacturing, logistics, and service industries, demonstrating the model’s applicability and utility. As a result, the decision-making process, operational efficiency, and control over incurred costs were significantly improved. The models were effective, and the results demonstrate the improvement in management quality. The work provided strong literature on optimally strategic cost moderation and showcased the value of highly refined optimization implements in sophisticated production settings.

Keywords

Dynamic Cost Optimization , Goal Programming , Lindo Optimizer , Variable Cost Production , Multi-Objective Optimization.

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Citation :

Chauhan Priyank Hasmukhbhai, Ritu Khanna, "Dynamic Cost Optimization: Goal Programming and Lindo Optimizer Applications for Variable Cost Production in Diverse Problem Sets," International Journal of Mathematics Trends and Technology (IJMTT), vol. 71, no. 6, pp. 1-14, 2025. Crossref, https://doi.org/10.14445/22315373/IJMTT-V71I6P101