Blog entry by Antonia Oguntubi

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by Antonia Oguntubi - Friday, 18 September 2020, 11:23 PM
Anyone in the world

Linear Programming is a mathematical technique to allocate limited resources in a programmed manner.

Assumptions in LP

-          Resources are Limited

-          Objective function is optimized i.e. profit maximization, cost minimization

-          The relationship between objective function and constraints is linear

-          Availability of Data

-          There are non-negativity constraints

For LP it is always important to write the formula, analyze and inteprete.

Thank you
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