Linear Programming Problem Solution in Python

Linear Programming Problem

Linear Programming Problem The problem of formulating an objective function and constraints an establishing relationship between variables is called a programming problem (LPP). If objective function and constraints are linear then the problem is called linear programming problem. Example- Sometimes, you come across the situation when you need to optimize your algorithm. If you can … Read more Linear Programming Problem Solution in Python

Numerical Model of LPP

Numerical Model of LPP:- Objective:- The main objective is long-run profit maximization and find optimal production Quantity (Mix). The measure of effectiveness: The measure of effectiveness is profit obtained from each type of models so as to determine the optimal number of model of each type to be produced. Controllable Variable (a) The number of … Read more Numerical Model of LPP

Confidence Intervals

Confidence intervals consist of a range of values (interval) that act as good estimates of the unknown Population parameter. However, the interval computed from a particular sample does not necessarily include the true value of the parameter. Confidence intervals were introduced to statistics by Jerzy Neyman in a paper published in 1937. According to the … Read more Confidence Intervals

Linear Programming Problem

Linear Programming Problem is a mathematical technique for finding optimal solutions to problems. Its problems expressed using linear equations and inequalities. The real-world problems represent accurately by the mathematical equations of a linear program also this method will find the best solution to the problem. In 1947, during World War ll, George B Dantzig while … Read more Linear Programming Problem

Operations Research Methodology

Every¬†Operations Research specialist may have his own way of solving problems. However, the effective use of Operations Research techniques require to problem solving consists of the following six steps: a).Formulation of the problem : It involves analysis of physical systems, setting of objectives determination of restriction, constraints against which decision should be adopted, alternative courses … Read more Operations Research Methodology

Optimal Production Policy Project

Optimal Production Policy Under Certain And Uncertain Environment ¬†INDEX:- CONTENTS: 1. Introduction of Operations Research 2. A methodology of Operation Research 3. What is Linear Programming Problem 4 Mathematical Model for LPP 5. Confidence Interval and Confidence limit 6. Tabulation 7. Construction of Mathematical Model and Solution 8. Conclusion 9. References 146  1