Linear Programming Problem (LPP)
Graphical Method for Solving LPP
Simple linear programming problems of two variables can be easily solved by the graphical method. The outlines of the graphical procedure are as follows: […]
operation research
Linear Programming Problem (LPP)
Mathematical Formulation of Linear Programming Problem (LPP)
On this page, we discuss the Mathematical Formulation of Linear Programming Problem (LPP) in detail. The procedure of formulation of LPP… […]
Linear Programming Problem (LPP)
Application of Linear Programming Problem (LPP)
Some important applications of Linear Programming Problem (LPP) in our day-to-day life are as follows: 1. Personnel Assignment Problem … […]
Linear Programming Problem (LPP)
Advantages and Disadvantages of Linear Programming Problem (LPP)
Advantages and disadvantages of Linear Programming Problem (LPP) are as follows: 1. It assists in making the best use of manpower and … […]
Linear Programming Problem (LPP)
Characteristics of Linear Programming Problem (LPP)
The characteristics of linear programming problem (LPP) are as follows: (1) Decision Variable, (2) Objective function, (3) Constraints, … […]
Linear Programming Problem (LPP)
Aims and Objectives of Linear Programming Problem (LPP)
Aims and Objectives of Linear Programming Problem (LPP): The linear programming problem’s main goal is to find the optimal solution. The aims and objectives of the Linear Programming Problem (LPP) are as follows: 1. The […]
Linear Programming Problem (LPP)
Meaning of Linear Programming Problem (LPP)
Linear Programming is a decision-making technique under the given constraints under the condition that the relationship among […]
Linear Programming Problem (LPP)
Introduction / Definition of Linear Programming Problem (LPP)
Introduction & Definition of Linear Programming Problem (LPP): In linear programming, we formulate our real-life problem into a mathematical model. It involves an objective function, linear inequalities with subject to constraints (s.t.). The technique of linear […]
Inventory
Risk in Inventory Management
The sources of the market value of risk depend on the type of inventory. Purchased inventory of manufactured goods is subject to losses… […]
Inventory
Deterministic and Probabilistic models in Inventory
The order quantity (how much) and reorder point (when) are determined deterministically by minimizing the total inventory cost that… […]