Introduction to Linear Programmingย
Time and resources are finite, and everyone wants to use them efficiently. By using optimization techniques, companies can solve supply chain problems within very less time. Optimizing is made simple with linear programming. It is the best method for performing linear optimization based on a few simple assumptions. Linear functions are known as objective functions. There is no doubt that relationships in the real world are challenging. However, the use of linear programming makes it easier to analyze such relationships. Many industries use linear programming, including energy, telecommunications, transportation, and manufacturing. ย
What Is Linear Programming?ย
Linear Programming, abbreviated as LP, is a simple method that uses a linear function to describe complicated real-world relationships. There is a linear relationship between the elements in this mathematical model. The linear programming technique involves optimizing a linear function to achieve the best results. A linear function is comprised of linear equality and inequality constraints. The meaning of linear programming is one can maximize or minimize a linear function under linear constraints.ย
What Is the Role of Linear Programming in Decision Making?ย
Linear programming aims to determine the feasible region and optimize the solution to obtain a function’s highest or lowest value. Linear programming analyzes various inequalities in a scenario and determines the best value that can be obtained under the given constraints. When dealing with linear programming, it is essential to consider some of the following assumptions when making a decision:ย
Basic Terminologies Used in Linear Programmingย
The Process To Define an LP Problemย
A generic linear programming problem is defined as follows:ย
Step 1: Determining the decision variables.ย
Step 2: Defining the objective function and deciding whether the function should be minimized or maximized.ย
Step 3: Explaining the constraints.ย
Step 4: Ensuring each decision variable is greater than or equal to 0 (Non-negative restraint).ย
Step 5: Using either the simplex or graphical methods to solve the linear programming problem.ย
A linear programming problem must have linear functions for the decision variables, objective functions, and constraints. The linear program is defined as one that satisfies all three conditions.ย
Importance of Linear Programmingย
Some of the advantages of linear programming problems are,ย
Applications of Linear Programmingย
Linear Programming is widely used in all fields, including agriculture, engineering, manufacturing, energy, logistical, and supply chain activities.ย
Limitations of Linear Programmingย
Conclusionย
By using this technique, we can reduce or maximize a linear function subject to multiple constraints. In addition to several business planning applications, this technique can direct quantitative judgments in industrial engineering and, to a lesser extent, in social and physical sciences.ย
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