School of Business
Department of Management Information Systems
BMIS355: Quantitative Methods of Business Decisions
Chapter 3 | Part 4
The Simplex Method & Sensitivity Analysis
Fall 2020 - 2021
BMIS355- CHAPTER 3
, The Simplex Method & Sensitivity Analysis
B. Computational details of the Simplex algorithm:
1. Standardization.
2. Constructing the 1st simplex tableau.
3. Determining the entering variable or the “Pivot Column”
4. Determining the leaving variable or the “Pivot row”
5. Computing 1st iteration or the “new simplex tableau”
6. Optimality Check.
7. Computing 2nd iteration or the “new simplex tableau”
BMIS355- CHAPTER 3
Department of Management Information Systems
BMIS355: Quantitative Methods of Business Decisions
Chapter 3 | Part 4
The Simplex Method & Sensitivity Analysis
Fall 2020 - 2021
BMIS355- CHAPTER 3
, The Simplex Method & Sensitivity Analysis
B. Computational details of the Simplex algorithm:
1. Standardization.
2. Constructing the 1st simplex tableau.
3. Determining the entering variable or the “Pivot Column”
4. Determining the leaving variable or the “Pivot row”
5. Computing 1st iteration or the “new simplex tableau”
6. Optimality Check.
7. Computing 2nd iteration or the “new simplex tableau”
BMIS355- CHAPTER 3
