Expand Your Knowledge Base With statistics Graphical Method of Solving Linear Programming Problem Assignment Help
Linear programming is a way by which a linear function is having multiple variables is either maximized or minimized. In relation to cost or output and the graphical method of solving linear programming, problems are a very crucial aspect in the subject of Statistics.This is a very comprehensive topic,and thus it is highly suggested that you should opt for Graphical method of solving Linear Programming Problem Assignment Help.
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A useful insight on Graphical method of solving Linear Programming Problem
With linear programming, the best outcome can be ascertained like the lowest possible cost or the maximum amount of profits in a given framework. This technique can be very well presented on the graph given the objective function and constraints. But it is highly important that both these aspects i.e. the objective function, as well as the constraints, must be balanced with the associated conditions of linear equality or inequality.
The graphical method of solving linear programming problem is highly useful while dealing with the complicated problems like transportation cost analysis, profit level, labor costs,etc.And thus,it is a vital tool for business organizations to reach important decisions.
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The important aspects involved in Graphical method of solving Linear Programming Problem
There are some fundamental things involved in the Graphical method of solving Linear Programming Problem without which this topic is incomplete, and they are discussed as follows-
- Understanding the various constraints– within a particular problem there may be a set of limitations,and you need to analyze all the constraints before plotting the graph carefully.
- Objective function analysis– the main target in linear programming is that objective function has to be fulfilled. Thus you need to pay attention to this aspect.
- Choosing variables–the variables that are selected should be consistent with the situation under consideration.
Even though the graphical method of solving linear programming problem can represent two variables at a time, still it is a very appropriate way for representing the linear programming model. There is a lot of theory, numerical analysis and graphical interpretation on this topic and that is the reason you may get stuck with its assignment and homework questions.
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