Lesson 5 - Linear Programming PDF
Lesson 5 - Linear Programming PDF
1
Linear Programming
Linear Programming
It consists of methods for solving optimization problems with constraints
which is a method used for finding the maximum (or minimum) value.
It is also referred to as linear optimization
1. Limited resources: Labor ,material equipment and finance must have a limited number
2. Objective: The purpose is to optimize(maximize profit and minimize cost)
3. Linearity: Increase in labor input must be proportional to labor output
4. Homogeneity: It is assumed that products, worker’s efficiency and machines are
identical
5. Divisibility: Resources and products are assumed to be divided into fractions
Course Module
Formulation of Linear programming
Objective function
It is identified and converted into a suitable objective function.It represents the aim or
goal of the system which has to be determined from the problem. Generally the objective in most cases
will be either to maximize resources or profits or to minimize the cost or time.
Constraints
When the availability of resources are in surplus there will be no problem. In real life,
organizations to be formed normally have scarce resources within which the job has to be performed in
the most effective way. Therefore, problem situations are within confined limits in which the optimal
solution to the problem must be found.