Linear Programming.ppt.pptVIP

Chapter 8 Strategic Allocation of Resources Overview Introduction Recognizing Linear Programming (LP) Problems Formulating LP Problems Solving LP Problems Real LP Problems Interpreting Computer Solutions of LP Problems Wrap-Up: What World-Class Companies Do Introduction Today many of the resources needed as inputs to operations are in limited supply. Operations managers must understand the impact of this situation on meeting their objectives. Linear programming (LP) is one way that operations managers can determine how best to allocate their scarce resources. Linear Programming (LP) in OM Ther