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Operations Management: Sustainability and Supply Chain Management, Twelfth Edition
book

Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

by Jay Heizer, Barry Render, Chuck Munson
February 2016
Intermediate to advanced content levelIntermediate to advanced
480 pages
219h 58m
English
Pearson
Content preview from Operations Management: Sustainability and Supply Chain Management, Twelfth Edition

Requirements of a Linear Programming Problem

All LP problems have four requirements: an objective, constraints, alternatives, and linearity:

  1. LP problems seek to maximize or minimize some quantity (usually profit or cost). We refer to this property as the objective function of an LP problem. The major objective of a typical firm is to maximize dollar profits in the long run. In the case of a trucking or airline distribution system, the objective might be to minimize shipping costs.

  2. The presence of restrictions, or constraints, limits the degree to which we can pursue our objective. ...

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Publisher Resources

ISBN: 9780134422404