What are the components of a linear programming model? Describe each.

Business & Finance
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What are the components of a linear programming model? Describe each.

Jan 16th, 2015

The components of a linear programming model are Linear Constraints, Linear Functions and a set of decision variables. These two components are used to maximize or minimize a linear function. Linear programming models minimize or maximize linear function subject to set of linear constraints. It is like finding maximum or minimum profit or loss of a company's performance over a given condition.  These three components are connected with each other where a linear function over a particular decision variables is projected onto linear constraints to find maximum or minimum values of a function. 

Jan 16th, 2015

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Jan 16th, 2015
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Jan 16th, 2015
Dec 11th, 2016
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