January 2018
Intermediate to advanced
480 pages
236h 9m
English
Before we can demonstrate how to solve problems in operations and supply chain management with linear programming, we must first explain seven characteristics of all linear programming models: (1) objective function, (2) decision variables, (3) constraints, (4) feasible region, (5) parameters, (6) linearity, and (7) nonnegativity.
Linear programming is an optimization process. A single objective function states mathematically what is being maximized (e.g., profit or present value) or minimized (e.g., cost or scrap). The objective function provides the scorecard on which the attractiveness of different solutions is judged.
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