Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Objective Function
Although the standard LP model can be either the maximization or the minimization type, it is sometimes useful to convert one form to the other.The maximization of a function is equivalent to the minimization of the negative of the same function, and vice versa.For example: Max. Z = 5X1 + 2X2 + 3X3 is mathematically equivalent to Min. (-Z) = -5X1 - 2X2 - 3X3Equivalence means that for the same set of constraints the optimum values of X1, X2 and X3 are the same in both cases. The only difference is that of the values of the objective functions, although equal numerically, will appear with opposite signs. Example: Write the following LP model in the standard form:Minimum: Z = 2X1 + 3X2 Minimum: Z = X1' - 2X1'' + 3X2Subject to: X1 + X2 = 10 Subject to: X'1 - 2X''1 + 3X2 = 10 -2X1' + 3X2≤ -5 2X'1 - 2X''1 - 3X2 - S2 = 5 7X1 - 4X2 ≤ 6 7X'1 - 7X''1 - 4X2 + S3 = 6 X1 Unrestricted X1', X1'', X2, S2, S3 ≥ 0 X2 ≥ 0
Period of operating cycle implies that total sum of number of days included in the various stages of operation commencing from the purchase of raw materials and ending along with c
bases of classifying budgets
A firm requires continuously monitoring and controlling its receivables to make sure that the dues are paid on the due date and no dues stay outstanding for a long period of time.
THE BASIC EOQ MODEL This is the most simple of all the models discussed. In addition to the general assumptions which relate to all deterministic models (i.e. certainty of all
How do the different cost classifications can assist the management
Gardner Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid on each unit sold. Variable manufacturing costs are $
Identify the ways in which Total Productive Maintenance could be applied as part of a manufacturing organisation''s quality programme
Product life cycle Every product has a life cycle. The life cycle of a product vary from months to various years. For example in the case of cameras photocopying machines etc.
2x2+8x-m3 = 0
Planning Planning is the fundamental function of the management by means of which the managers decide: What goals are to be accomplished How they will be accomplished.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd