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Project on Linear Programming Problems

Project on Linear Programming Problems

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Published by Vinod Bhaskar
INTRODUCTION
Mathematics is the queen of science. In our daily life, planning is required on various occasions, especially when the resources are limited. Any planning is meant for attaining certain objectives. The best strategy is one that gives a maximum output from a minimum input. The objective which is in the form of output may be to get the maximum profit, minimum cost of production or minimum inventory cost with a limited input of raw material, manpower and machine capacity. Such problems are referred to as the problems of constrained optimization. Linear programming is a technique for determining an optimum schedule of interdependent activities in view of the available resources. Programming is just another word for 'planning' and refers to the process of determining a particular plan of action from amongst several alternatives.
Linear programming applies to optimization models in which objective and constraint functions are strictly linear. The technique is used in a wide range of applications, including agriculture, industry, transportation, economics, health systems, behavioral and social sciences and the military. It also boasts efficient computational algorithms for problems with thousands of constraints and variables. Indeed, because of its tremendous computational efficiency, linear programming forms the backbone of the solution algorithms for other operative research models, including integer, stochastic and non-linear programming. The graphical solution provides insight into the development of the general algebraic simplex method. It also gives concrete ideas for the development and interpretation of sensitivity an
INTRODUCTION
Mathematics is the queen of science. In our daily life, planning is required on various occasions, especially when the resources are limited. Any planning is meant for attaining certain objectives. The best strategy is one that gives a maximum output from a minimum input. The objective which is in the form of output may be to get the maximum profit, minimum cost of production or minimum inventory cost with a limited input of raw material, manpower and machine capacity. Such problems are referred to as the problems of constrained optimization. Linear programming is a technique for determining an optimum schedule of interdependent activities in view of the available resources. Programming is just another word for 'planning' and refers to the process of determining a particular plan of action from amongst several alternatives.
Linear programming applies to optimization models in which objective and constraint functions are strictly linear. The technique is used in a wide range of applications, including agriculture, industry, transportation, economics, health systems, behavioral and social sciences and the military. It also boasts efficient computational algorithms for problems with thousands of constraints and variables. Indeed, because of its tremendous computational efficiency, linear programming forms the backbone of the solution algorithms for other operative research models, including integer, stochastic and non-linear programming. The graphical solution provides insight into the development of the general algebraic simplex method. It also gives concrete ideas for the development and interpretation of sensitivity an

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Published by: Vinod Bhaskar on May 04, 2012
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is atechnique for determining an optimum schedule of interdependent activities in view of the available resources. Programming is just another word for 'planning' and refers tothe process of determining a particular plan of action from amongst several alternatives.Linear programming applies to optimization models in which objective andconstraint functions are strictly linear. The technique is used in a wide range of applications, including agriculture, industry, transportation, economics, health systems,behavioral and social sciences and the military. It also boasts efficient computationalalgorithms for problems with thousands of constraints and variables. Indeed, because of its tremendous computational efficiency, linear programming forms the backbone of the solution algorithms for other operative research models, including integer,stochastic and non-linear programming. The graphical solution provides insight into thedevelopment of the general algebraic simplex method. It also gives concrete ideas forthe development and interpretation of sensitivity analysis in linear programming.Linear programming is a major innovation since World War II in the field of business decision making, particularly under conditions of certainty. The word 'linear'means the relationships handled are those represented by straight lines, i.e. therelationships are of the form y = a + bx and the word 'programming' means takingdecisions systematically. Thus, linear programming is a decision making techniqueunder given constraints on the assumption that the relationships amongst the variablesrepresenting different phenomena happen to be linear.A linear programming problem consists of three parts. First, there objectivefunction which is to be either maximized or minimized. Second, there is a set of linearconstraints which contains thee technical specifications of the problems in relation tothe given resources or requirements. Third, there is a set of non negativity constraints -since negative production has no physical counterpart.

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