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ACCA F5-Linear Programming-June 2011

This document discusses the graphical approach to solving linear programming problems in 8 steps: 1. Define variables 2. Formulate the objective function 3. Formulate constraints 4. Plot constraints on a graph 5. Identify the feasible area 6. Add the iso-contribution line and identify the optimal point 7. Determine the optimal production mix 8. Calculate the maximum contribution

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316 views

ACCA F5-Linear Programming-June 2011

This document discusses the graphical approach to solving linear programming problems in 8 steps: 1. Define variables 2. Formulate the objective function 3. Formulate constraints 4. Plot constraints on a graph 5. Identify the feasible area 6. Add the iso-contribution line and identify the optimal point 7. Determine the optimal production mix 8. Calculate the maximum contribution

Uploaded by

AbdulAzeem
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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LINEAR

PROGRAMMING
GRAPHICAL APPROACH
STEPS TO SOLVE PROBLEM
i. Define Variables
ii. Formulate Objective Function
iii. Formulate Constraints
iv. Plot Constraints on Graph
v. Identify Feasible Area
vi. Add iso-contribution line and identify optimal point
vii. Determine Optimal Production mix
viii. Calculate maximum Contribution

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