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Linear Programming in Business: Standardized Solutions for Multivariate Cases

Explore the application of linear programming in business scenarios with a focus on standardized formulations for computer-based solutions. Learn from examples in production, finance, logistics, marketing, resource allocation, chemistry, biology, and medicine. The text provides problem-solving techniques using software tools for enhanced decision-making.

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Linear Programming in Business: Standardized Solutions for Multivariate Cases

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  1. LINEAR PROGRAMMING: THE MULTIVARIATE CASE BUSINESS APPLICATIONS: STANDARD FORMULATION FOR COMPUTER BASED SOLUTIONS

  2. Introduction • The Standardized Format pp: 328-329. • Production Example with emphasis on the type of constraint. • Finance Example: Portfolio Selection • Introduction • Logistics Example: Transportation Problem • Marketing Example: Media Allocation

  3. Human and computer Resources example: The assignment Problem • Chemistry Example: Liquid Blending • Biological and medical Example: The Diet Problem • Summary and Further Tips for Standardized Formatting pp. 348-34 • Problem Solving using Software

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