CHAPTER 20
Linear Programming and Its Application to Business
20.1 INTRODUCTION
Linear programming constitutes a set of mathematical methods specially designed for the modelling and solution of certain kinds of constrained optimization problems.
The mathematical presentation of a linear programming problem (LPP) in the form of a linear objective function and one or more linear constraints with equations or inequations constitutes LPP. The process leading to the construction of this model is referred to as the model building or mathematical formulation of business problem given. In this model, a linear objective function of the decision variables are maximized/minimized subject to a set of linear constraints with equations/inequations. This technique ...
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