Skip to Main Content
Business Analytics Principles, Concepts, and Applications with SAS: What, Why, and How
book

Business Analytics Principles, Concepts, and Applications with SAS: What, Why, and How

by Marc J. Schniederjans, Dara G. Schniederjans, Christopher M. Starkey
October 2014
Beginner content levelBeginner
352 pages
8h 26m
English
Pearson
Content preview from Business Analytics Principles, Concepts, and Applications with SAS: What, Why, and How

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 ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Practical Business Analytics Using SAS: A Hands-on Guide

Practical Business Analytics Using SAS: A Hands-on Guide

Venkat Reddy Konasani, Shailendra Kadre

Publisher Resources

ISBN: 9780133989588Purchase book