Using Linear Programming
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What is linear programming and what is it used for? What makes linear programming application unique?
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Solution Summary
This solution discusses application of linear programming in 231 words with two references.
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LP is a mathematical model for determining a way to achieve the best outcome, such as maximum cost or lowest cost in a given mathematical model for a given list of requirements represented as linear relationships.
To solve any problem using LP, we begin by defining the decision variables followed by formulating LP model using these decision model. The model is then implemented in excel and then solved using the ...
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