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Linear programming, especially in economics is vital for being able to make accurate estimates of goods output, costs and stock levels needed to carry out certain tasks. It is best to assume that the conditions do not change drastically.

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What is the difference between linear programming and nonlinear programming?

LPP deals with solving problems which are linear . ex: simlpex method, big m method, revised simplex, dual simplex. NLPP deals with non linear equations ex: newton's method, powells method, steepest decent method


Advantages and limitations of linear programming as a managerial decision making model?

It takes out the personal angle in decision making.


Which of these are benefits of the web services approach over the middleware solutions approach?

-Components belonging to different platforms communicate using established industry standards -The solutions are independent of programming language and platform


What does maximize do?

In programming and optimization contexts, "maximize" refers to the process of finding the highest value of a function or objective within a given set of constraints. This involves adjusting variables to achieve the best possible outcome, such as maximizing profit, efficiency, or performance. In mathematical terms, it often involves techniques from calculus or linear programming to identify the maximum point. Overall, maximizing is essential in decision-making and resource allocation scenarios.


Why is product possibility curve linear?

The production possibility curve is not always linear, in fact, it is usually concave down (bowed-in). The shape of the curve depends on the substutability of the goods described by the curve in the question. When goods are perfectly substitutable in production, the PPP (or PPF) is linear.

Related Questions

What do you understand by linear programming?

1. What do you understand by Linear Programming Problem? What are the requirements of Linear Programming Problem? What are the basic assumptions of Linear Programming Problem?


What do you understand by linear programming problem?

1. What do you understand by Linear Programming Problem? What are the requirements of Linear Programming Problem? What are the basic assumptions of Linear Programming Problem?


Define linear programming?

necessity of linear programming on organization.


What is the significance of duality theory of linear programming Describe the general rules for writing the dual of a linear programming problem?

the significance of duality theory of linear programming


What are the essential characteristics of linear programming problem?

essential attributes of linear programming models and its uses


What is the difference between linear and integer programming?

Integer programming is a method of mathematical programming that restricts some or all of the variables to integers. A subset of Integer programming is Linear programming. This is a form of mathematical programming which seeks to find the best outcome in such a way that the requirements are linear relationships.


What are the components of linear programming?

A linear objective function and linear constraints.


What has the author Toshinori Munakata written?

Toshinori Munakata has written: 'Matrices and linear programming with applications' -- subject(s): Linear programming, Matrices 'Solutions manual for Matrices and linear programming'


What are the scope of linear programming?

Linear programming can be used to solve problems requiring the optimisation (maximum or minimum) of a linear objective function when the variables are subject to a linear constraints.


What has the author Howard Karloff written?

Howard Karloff has written: 'Linear programming' -- subject(s): Linear programming


Distinguish between integer programming problem and linear programming problem?

Integer programming is a subset of linear programming where the feasible region is reduced to only the integer values that lie within it.


What are the components of programming?

A linear objective function and linear constraints.