Linear Programming

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