Session4 Simplex
Session4 Simplex
23MT2004
Real-world problems are usually solved using computational methods like the Simplex algorithm
or software tools (e.g., Excel Solver, MATLAB, or Python's PuLP).
Simplex Method:
• The Simplex method is a widely used algorithm for solving linear programming (LP) problems.
• It systematically finds the optimal solution to a problem by iterating through feasible solutions.
Applications
•Portfolio optimization
•Workforce scheduling
Steps in the Simplex Method:
2.
3.
4.
Also make other elements in the column to zero by performing elementary operations.
Final solution:
Example 2:
Example 3:
Home assignment and Practice problems: