February 2016
Intermediate to advanced
480 pages
219h 58m
English
All LP problems have four requirements: an objective, constraints, alternatives, and linearity:
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.
The presence of restrictions, or constraints, limits the degree to which we can pursue our objective. ...