Concept explainers
To determine: The circumstances under which the constraints are more important than the objective function in the linear programming problem.
Introduction:
Linear programming:
It is a linear optimization technique followed to develop a best outcome for the problem on hand. The outcome might be maximum profit or less cost which are represented by a linear relationship. The outcome will take into consideration the constraints present in achieving the solution.
Objective function:
It is a linear function representing a cost, profit or some other quantity. The motive of the objective function is to maximize or minimize a quantity taking the constraints into consideration.
Constraints:
The constraints are the limitation for a situation within which the process must operate. The constraints are the limits within which the available resources can be utilized so as to maximize or minimize a quantity.
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OPERATIONS MGMT. INSTANT ACCESS
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,