Operations Management: Sustainability and Supply Chain Management (12th Edition)
Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Chapter B, Problem 10DQ
Summary Introduction

To Learn: The usage of the iso-cost line in the graphical minimization problem.

Introduction:

Linear programming:

It is a linear optimization technique followed to develop a best outcome for the problem on hand. The outcome might be maximum profit or less cost which is represented by a linear relationship. The outcome will take into consideration the constraints present in achieving the solution.

Iso-cost line:

The iso-cost line will minimize the objective function within the feasible region.

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