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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

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Linear Programming: Model Formulation and Graphical Solution Topics

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    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.

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