Plans –Decisions Using Ms-Excel | 15 |
Week 3: Linear Programming, Linear Programming Models: Graphical and ComputerMethods | 16 |
Week 4: Linear Programming Modeling Applications with Computer Analysis in Excel | 17 |
Week 5: Linear Programming and Sensitivity Analysis | 18 |
Construct the dual problem from the primal problem.
Linear Programming: The Simplex Method
After completing this chapter, students will be able to: 1. Convert LP constraints to equalities with slack, surplus, and artificial variables. 2. Set up and solve LPproblems with simplex...
The Simplex Method
After completing this chapter, students will be able to:
1. Convert LP constraints to equalities with slack,
surplus, and artificial variables.
2. Set up and solve LPproblems with simplex tableaus.
3. Interpret the meaning...
uncertainty and make better estimates of what will happen in the future; this is the main purpose of forecasting. Some firms use subjective methods, seat-of-the pants methods, intuition, and experience. There are also several quantitative techniques, moving averages, exponential smoothing, trend projections...
In many practical problems, the decision variables actually make sense only if they have integer values. For example, it is often necessary to assign people, machines, and vehicles to activities in integer quantities. If requiring integer values is the only way in which a problem deviates from a linear...
SUPPLEMENT OUTLINE Introduction, 6S-2
SolvingLP Models Using Excel, 6S-17
Linear Programming Model, 6S-2
Formulating Some Other Types of Constraints, 6S-3
Sensitivity Analysis, 6S-19
Objective Function Coefficient Changes...
The Simplex Method
of Linear Programming
CONVERTING THE CONSTRAINTS TO
SOLVING MINIMIZATION PROBLEMS
SETTING UP THE FIRST SIMPLEX TABLEAU
SIMPLEX SOLUTION PROCEDURES
SUMMARY OF SIMPLEX STEPS FOR
Operational Research? This looks at the characteristics of Operational Research, how you define what OR is and why organisations might use it. It considers the scientific nature of OR and how it helps in dealing with problems involving uncertainty, complexity and conflict.
Introduction to Operational...
real world systems by mathematical models together with the use of quantitative methods (Algorithms) for solving such models, with a view of optimising. - (J.E Beasley)
“The attack of modern science on complex problems arising in the direction and management of large systems of men, machines, materials...
Modern optimization techniques have challenged organizations to rethink the way they conduct
business both internally and externally, i.e. how efficiently and effectively their entire supply chain is managed. Supply Chain Management (SCM) is one such business function that has benefited substantially...
Management science methods
Undergraduate study in Economics, Management, Finance and the Social Sciences
This subject guide is for a Level 3 course (also known as a ‘300 course’) offered as part of the University of London International Programmes in Economics...
and determine the optimum solution.
formulate an LP model to solve for the optimal product mix which maximises profits, or for cost minimisation problems to minimise costs.
solve 2 variable problems graphically.
use a spreadsheet to solve LPproblems with any number of variables.
interpret the sensitivity...
prices, and sales volumes. Changing one of these essential components in the sales mix will cause changes in other components. Focuses on analyzing how volume, cost, proﬁt helps in predicting future conditions (planning) as well as in explaining, evaluating, and acting on results (controlling). Before...
“The 1990s have seen a dramatic change in the way that we do business. Rapid advances
in technology and increasing regulatory freedom have changed the rules of competition.
Companies are now competing globally and traditional barriers between industries are
breaking down. To cope with...
the variables is called a Linear programming problem (LPP).
The mathematical models which tells to optimise (minimize or maximise) the objective function Z subject to certain condition on the variables is called a Linear programming problem (LPP).
During World War II, the military...
Lesson 4 Lesson 5 Quantitative Techniques – Introduction Measures of Central Tendency Mathematical Model Linear Programming: GraphicalMethod Linear Programming: Simplex Method Unit -II Lesson 6 Lesson 7 Transportation Model Assignment Model 167 209 7 24 110 119 143
Unit -III Lesson 8 Lesson 9 Network...
Premium161848 Words682 Pages
StudyMode.com is the web's
leading learning tool.
We inspire millions of students
every day with over 1,700,000
model essays and papers, AP notes
and book notes.
Join millions of other students and start your research