$19.95 Buy and instantly download this paper now
This paper considers the background and applicability of linear programming in business. The paper describes the concept and process of linear programming, and examines the critical role played by linear programming in decision-making.
From the Paper:"Many decisions in business can be described as minimizing or maximizing linear elements within a constrained environment. For example, companies seek to maximize their profits while minimizing their costs within certain parameters. The course of action that results from this decision-making is often called a program, hence the term linear programming to refer to the process itself. The concept of linear programming evolved quite separately from computer programs but the advent of computers into everyday business environments has greatly enhanced the ability of decision makers..."
Cite this Term Paper:
Linear Programming (2008, December 01) Retrieved August 06, 2020, from https://www.academon.com/term-paper/linear-programming-121394/
"Linear Programming" 01 December 2008. Web. 06 August. 2020. <https://www.academon.com/term-paper/linear-programming-121394/>