1 / 39

Linear Programming: Model Formulation and Graphical Solution Topics

2. Linear Programming - An Overview. Objectives of business firms frequently include maximizing profit or minimizing costs. Linear programming is an analysis technique in which linear algebraic relationships represent a firm's decisions given a business objective and resource constraints.Steps

zaide
Download Presentation

Linear Programming: Model Formulation and Graphical Solution Topics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


    1. 1 Linear Programming: Model Formulation and Graphical Solution Topics Model Formulation A Maximization Model Example Graphical Solutions of Linear Programming Models A Minimization Model Example Irregular Types of Linear Programming Models Characteristics of Linear Programming Problems

    2. 2 Linear Programming - An Overview Objectives of business firms frequently include maximizing profit or minimizing costs. Linear programming is an analysis technique in which linear algebraic relationships represent a firm’s decisions given a business objective and resource constraints. Steps in application: 1- Identify problem as solvable by linear programming. 2- Formulate a mathematical model of the unstructured problem. 3- Solve the model.

More Related