Importance of Linear Programming
Linear Programming has huge importance in various industries it maximizes the output value while minimizing the input values according to various constraints.
LP is highly applicable when we have multiple conditions while solving a problem and we have to optimize the output of the problem i.e. either we have to find the minimum or the maximum value according to a given condition.
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Linear Programming
Linear programming is a mathematical concept that is used to find the optimal solution of the linear function. This method uses simple assumptions for optimizing the given function. Linear Programming has a huge real-world application and it is used to solve various types of problems.
Linear programming is used in various industries such as shipping industries, manufacturing industries, transportation industries, telecommunications, and others.
Term “linear programming” consists of two words linear and programming, the word linear tells the relation between various types of variables of degree one used in a problem and the word programming tells us the step-by-step procedure to solve these problems.
In this article, we will learn about linear programming, its examples, formulas, and other concepts in detail.
Table of Content
- What is Linear Programming?
- Components of Linear Programming
- Linear Programming Examples
- Linear Programming Problems
- Types of Linear Programming Problems
- Linear Programming Formula
- How to Solve Linear Programming Problems?
- Linear Programming Methods
- Linear Programming Simplex Method
- Linear Programming Graphical Method
- Linear Programming Applications
- Importance of Linear Programming
- Up-to-Date Applications of Linear Programming
- Linear Programming in Operations Research
- Simplex Method