Shadow Prices
Shamsa Rafique Shadow Prices: Definition and Explanation of Shadow Price: The determination of the optimum mix to maximize the contribution margin or to minimize cost assumes a defined set of constraints. It…
Dynamic Programming
Abida Rehman Dynamic Programming: Learning Objective of the Article: Define and explain the term "dynamic programming". In which situation it is used to optimize the the use of resources. Definition and Explanation…
Linear Programming Techniques-General Observations
Sana Ahmed Linear Programming Techniques-General Observations: The maximization and minimization studies, together with the exercises and presented in this section, are realistic examples of the types of problems management faces. By maximizing…
Linear Programming Solved Problems
Linear Programming Solved Problems: This page is under construction, Solved problems about linear programming will be available soon. Sorry for any inconvenience. You may also be interested in other articles…
Linear Programming and Maximization of Contribution Margin – Simplex Method
Linear Programming and Maximization of Contribution Margin - Simplex Method: Learning Objective of the Article: Define and explain linear programming simplex method. How a profit maximization problem is solved using…
Linear Programming Questions and Answers
Linear Programming Questions and Answers: Questions: Q:1 Define and discuss the linear programming technique, including assumptions of linear programming and accounting data used therein. See answer. Q:2 What is meant…
Linear Programming and Minimization of Cost-Graphical Method
Linear Programming and Minimization of Cost-Graphical Method: Linear programming graphical method can be applied to minimization problems in the same manner as illustrated on maximization example page. An example can…
Linear Programming and Maximization of Contribution Margin – Graphical Method
Linear Programming and Maximization of Contribution Margin - Graphical Method: Learning Objective of the Article: Define and explain linear programming graphical method. How profit maximization problem is solved using linear…
Linear Programming – Minimization of Cost – Simplex Method
Linear Programming - Minimization of Cost - Simplex Method: Linear programming simplex method can be used in problems whose objective is to minimize the variable cost. An example can help…
Linear Programming Technique
Linear Programming Technique : After studying this chapter you should be able to: Definition and Explanation: Linear programming is a mathematical technique which permits determination of the best use of…