Simplex Method In Linear Programming

Mechanism of Solving Linear Programming Problem using Simplex Method

What you'll learn
Methodology of Linear Programming Problems
Maximization of Profits using Simplex Method
Minimization of Costs using Big-M Method & Two Phase Method
Implications of Simplex Method
Understanding the terminology and the formula used in Simplex Method
Usage of Simplex Model in Management
Requirements
The Students should have an Android device or a Computer/Laptop with Internet to view the course
Description
Linear Programming refers to those programming models which are used in determining an optimum schedule of interdependent activities in view of the available resources’. They are scientific or mathematical techniques which are used to allocate the limited recourses among the competitive activities so as to optimize the given objective . Linear programming (LP) is a mathematical method for determining a way to achieve the best outcome (such as maximum profit or lowest cost) in a given mathematical model for some list of requirements represented as linear equations. More formally, linear programming is a technique for the optimization of a linear objective function, subject to linear equality and linear inequality constraints. Linear programming can be applied to various fields of study. It is used most extensively in business and economics, but can also be utilized for some engineering problems. Industries that use linear programming models include transportation, energy, telecommunications, and manufacturing. It has proved useful in modeling diverse types of problems in planning, routing, scheduling, assignment, and design.This course will help in understanding:Solution of Linear Programming Problem using Simplex MethodDepth Study of Simplex Method and mechanism of solving it effectivelySolution of Maximization case and Minimization caseSolving Linear Programming Problems using Big-M Method and Two Phase MethodUsage of Artificial Variables in Simplex MethodConcept of Non Feasible Solution and Unbounded Solution

Who this course is for:
MBA,BBA, MCA, BCA, BTECH , MTECH students, Commerce and Management Students