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) Feasible Region and vertices (extreme points) will yield our Optimal Solution.
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Classroom Contents
Basic Excel Business Analytics - Intro to Linear Programming Using Algebra, Pencil & Paper
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- 1 ) Intro To Linear Programming
- 2 ) Use Liner Algebra and the Graphing Method on paper to solve Manufacturing problem where we try to maximize contribution Margin give a set of constraints.
- 3 ) List parameters (Formula Inputs) and Decision Variables
- 4 ) List Math Model: Objective Function and Constraint Functions: All are Linear Equations/Inequalities.
- 5 ) Graph Linear Inequalities.
- 6 ) Feasible Region and vertices (extreme points) will yield our Optimal Solution.
- 7 ) Summary
