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
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
