Linear Programming

Added By MaihanNijat - Feb 21, 2012 - Marketing


Linear Programming is a mathematical technique that seeks to maximize or minimize a linear function, subject to a set of linear constraints. Linear programming is a mathematical technique designed to aid managers in allocating scarce resources (such as labor, capital, or energy) among competing activities. It reflects, in the form of a model, the organizationā€˜s attempt to achieve some objective (frequently, maximizing profit contribution, maximizing rate of return, minimizing cots) in view of limited or constrained resources (available capital or labor, service levels, available machine time, budgets).




Submit Comment

You must be logged in to post comments. Click here to login.