June 2006
Beginner
793 pages
20h 59m
English
Content preview from Quantitative Techniques: Theory and ProblemsBecome 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,
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LINEAR PROGRAMMING
Linear programming is a powerful quantitative technique (or operational research technique) designs to solve allocation problem. The term 'linear programming' consists of the two words 'Linear' and 'Programming'.
The word 'Linear' is used to describe the relationship between decision variables which are directly proportional. For example, if doubling (or tripling) the production of a product will exactly double (or triple) the profit and required resources, then it is linear relationship.
The word 'programming' means planning of activities in a manner that achieves some 'optimal' result with available resources. A programme is 'optimal' if it maximises or minimises some measure or criterion of effectiveness such as profit, ...
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