Linear Programming
Linear Programming
and drawbacks of
Linear Programming?
The word linear refers to linear relationship among variables in a model. Thus, a
given change in one variable will always cause a resulting proportional change in
another variable. For example, doubling the investment on a certain project will
exactly double the rate of the return. The word programming refers to modelling
and solving a problem mathematically that involves the economic allocation of
limited resources by choosing a particular course of action or strategy among
various alternative strategies to achieve the desired objective.
For example, in finding out how many men and machines would be required lo
perform a particular job, a non-integer valued solution will be meaningless.
Rounding off the solution to the nearest integer will not yield an optimal solution.
In such cases, integer programming is used to ensure integer value to the decision
variables.
Linear programming model does not take into consideration the effect of
time and uncertainty. Thus, the LP model should be defined in such a way
that any change due to internal as well as external factors can be
incorporated.
Sometimes large-scale problems can be solved with linear programming
techniques even when assistance of computer is available. For it, the main
problem can be fragmented into several small problems and solving each
one separately.
Parameters appearing in the model are assumed to be constant but in real-
life situations, they are frequently neither known nor constant.
Parameters like human behaviour, weather conditions, stress of employees,
demotivated employee can’t be taken into account which can adversely
effect any organisation
Only one single objective is dealt with while in real life situations, problems
come with multi-objectives.