EBK OPERATIONS MANAGEMENT
EBK OPERATIONS MANAGEMENT
11th Edition
ISBN: 8220103630726
Author: RENDER
Publisher: PEARSON
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Chapter B, Problem 11DQ
Summary Introduction

To compare: The corner point method and the iso-profit line method of solving graphical problems.

Introduction:

Linear programming:

It is a linear optimization technique followed to develop the best outcome for the problem in hand. The outcome might be of 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-profit line:

The iso-cost line will maximize the objective function inside the feasible region.

Corner point:

A corner point is a vertex in the feasible region. The corner points will only occur in the corners of a feasible region. The corner points are defined after making the graphical view of the feasible region.

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Discuss in detail any five types of authority. give citations and reference
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