BIG M METHOD SUMMARY - Quantitative Techniques for management

Thus we can say that LP is a method of planning whereby objective function is maximized or minimized while at the same time satisfying the various restrictions placed on the potential solution.

In technical words, linear programming is defined as a methodology whereby a linear function in optimized (minimized or maximized) subject to a set of linear constraints in the form of equalities or inequalities. Thus LP is a planning technique of selecting the best possible (optimal) strategy among number of alternatives.


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