Linear Programming Presentation is about introduction, allocating resources, examples of successful LP applications, requirements of a linear programming problem, 5 basic assumptions of linear programming, formulating linear programming problems, formulation of LP problem, graphical solution method...
,Learning Objectives
When you complete this chapter, you should
be able to identify or define:
– Describe how managers can use linear
programming
– How to formulate linear models
– Graphical method of linear programming
– Simplex method of linear programming
– How to interpret sensitivity analysis
Lecture 2
, Introduction
Linear programming (LP) is
a widely used mathematical modeling technique
designed to help managers in planning and
decision making
related to resource allocation.
LP is a technique that helps in resource allocation
decisions.
Programming refers to
modeling and solving a problem mathematically.
Lecture 2
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