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Linear Programming

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Quantitative Analysis For Managers
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Quantitative Analysis for Managers
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Linear Programming Presentation is about introduction, allocating resources, examples of successful LP applications, requirements of a linear programming problem, 5 basic assumptions of linear programming, formulating linear programming problems, formulation of LP problem, graphical solution method, slack and surplus variables, Iso-profit line solution, isoprofit lines steps, special cases in LP, the valuation of scarce resources and sensitivity analysis.

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QUANTITATIVE ANALYSIS
FOR MANAGERS


LINEAR
PROGRAMMING



Lecture 2

,Learning Objectives
When you complete this chapter, you should
be able to identify or define:
– Describe how managers can use linear
programming
– How to formulate linear models
– Graphical method of linear programming
– Simplex method of linear programming
– How to interpret sensitivity analysis
Lecture 2

, Introduction
Linear programming (LP) is
 a widely used mathematical modeling technique
 designed to help managers in planning and
decision making
 related to resource allocation.
 LP is a technique that helps in resource allocation
decisions.
Programming refers to
 modeling and solving a problem mathematically.
Lecture 2

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Subjects

  • linear programming
  • introduction
  • allocating resources
  • formulating linear pr
  • examples of successful lp applications
  • requirements of a linear programming problem
  • 5 basic assumptions of linear programming

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