Limear programming applications
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Discuss and provide examples of the application of Linear Programming in the industry. Why is the application of LP very important in business?
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Solution Summary
This discusses applications of linear programming in the business field.
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The objective of any organization is to make the best utilization of the given resources.
The linear programming provides a powerful technique for effective utilization of these given resources under certain
well-defined circumstances.
An industrial process consists of a number of activities relating to the capital invested and the capital required
for operational activities, products to be produce and marketed, raw materials to be used, machines to be utilized,
products to be stored and consumed or a combination of the above activities. Some or all ...
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- BSc, Manipur University
- MSc, Kanpur University
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