B. Linear Programming
B.1. Introduction
Linear Programming (LP) is a deterministic, multivariable, constrained, single-objective, optimization methodology. It’s a model with known, deterministic, and constant parameters, and it has more than one unknown or decision variable. LP has mathematical expressions that constrain the values of the decision variables, and it seeks to solve for an optimal solution with a single objective. It is a general-purpose modeling methodology, permitting application to just about every possible problem situation that fits the assumptions the model requires. (We will discuss the assumptions of the LP model in a later section of this appendix.) Specifically, LP can be used to model problems in all the functional areas ...
Get Business Analytics Principles, Concepts, and Applications: What, Why, and How now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.