Linear programming is a technique which shows practical problems as a series of mathematical equations which can be manipulated to find the optimum or best solution. Blending is a graphical approach to linear programming which deals with resource allocation subject to constraints. It is a model which assists firms in deciding the best possible utilisation of limited resources. Each resource constraint is represented as a mathematical linear equation. A linear expression is an equation which links two variables, and if plotted on a graph, would be represented by a straight line. By plotting all the equations, the optimal use of the business's resources can be easily identified.

Blending can be useful to firms when deciding how to make the best use of their resources. Businesses can use this method to allocate factors of production so that profits are maximised or costs minimised, depending on the business's objective. Another advantage of blending is that is allows the business to decide a combination of the two goods to produce, as compared to other invest appraisal or decision making techniques where either one or the other option must be selected, but not both.

Blending is a fairly easy and fast technique as it only requires simple calculations. The results are also represented on a graph and so information can be seen visually and do not require much explanation. Additionally, computers can speed up the calculations and increase the methods accuracy.

However, blending has its limitations. It does not take into account the market demand for the products. The assumption is that the optimum output level for each good will be sold profitably, which may not be the case. Producing at the most profitable output level will not matter if the products cannot be sold.

This technique also assumes that resources can be switched between the two products at a constant rate of productivity. This may not be a realistic assumption. For example, the machines in a...

...RESEARCH PAPER ON
LINEARPROGRAMMING
Vikas Vasam
ID: 100-11-5919
Faculty: Prof. Dr Goran Trajkovski
CMP 561: Algorithm Analysis
VIRGINIA INTERNATIONAL UNIVERSITY
Introduction:
One of the section of mathematical programming is linearprogramming.
Methods and linearprogramming models are widely used in the...

...LINEARPROGRAMMING
INTRODUCTION:
The term ‛programming′ means planning and it refers to a particular plan of action amongst several alternatives for maximizing profit or minimizing cost etc. Programming problems deal with determining optimal allocation of limited resources to meet the given objectives, such as cost, maximum profit, highest margin or least time, when resources have alternative uses.
The term...

... LINEARPROGRAMMING
DATE;
5 JUNE, 14
UNIVERSITY OF CENTRAL PUNJAB
INTRODUCTION TO LINEARPROGRAMMINGLinearprogramming (LP; also called linear optimization) is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by...

...LinearProgramming Concept Paper
There are two types of linearprogramming:
1. LinearProgramming- involves no more than 2 variables, linearprogramming problems can be structured to minimize costs as well as maximize profits. Due to the increasing complexity of business organizations, the role of the management executive as a decision maker is becoming more and more difficult....

...1. Discuss why and how you would use a liner programming model for a project of your choice, either from your own work or as a hypothetical situation. Be sure that you stae your situation first, before you develpp the LP model
Linearprogramming is a modeling technique that is used to help managers make logical and informed decisions. All date and input factors are known with certainty. Linear program models are developed in...

...outsourcing to keep up. Currently, we outsource only coarse and medium-sized yarn, but we believe that it would be more efficient to look at outsourcing all types. There are so many potential suppliers and constraints to consider that we constructed a linearprogramming model to identify our best option and check our solution's sensitivity to changes in our situation.
We've analyzed our potential suppliers for each gauge, taking into account their capacity, cost...

...optimal investment strategy that would allow J. D. Williams, Inc. to maximize the annual yield of an investment of $800,000 in a diversified portfolio of funds.
To find the investment that would result in the greatest annual yield we have formulated a linear program that takes into account the requirements for the client of J. D. Williams, Inc. The requirements for the investment portfolio can be found on the section titled “Problem Description”
The greatest annual yield...