The simplex method, Managerial Accounting

The Simplex Method

In the graphical solution the optimum solution is always associated with a corner (or extreme) point of the solution space. The simplex method is based fundamentally on this idea. It employs an iterative process that starts at a feasible corner point normally the origin, and systematically moves from one feasible extreme point to another until the optimum point is eventually reached.

There are two rules that govern the choice of the next extreme point in the simplex method.

1) The next corner point must be adjacent to the current one.

2) The solution can never go back to a previously considered extreme point.

Posted Date: 12/7/2012 6:24:16 AM | Location : United States







Related Discussions:- The simplex method, Assignment Help, Ask Question on The simplex method, Get Answer, Expert's Help, The simplex method Discussions

Write discussion on The simplex method
Your posts are moderated
Related Questions
identify and briefly describe four trends in macro market environment which influence on the selected industry?

how do i use least squares method to solve semi average problem?

What are the Principles of management accounting? 1. The procedures and methods to be followed for keeping and analyzing financial statements should have consistency. It enable

Analysis Various business decisions have recurrent themes: whether to the outsource production or to the support functions, what level of production and pricing to establish, w

Airlines give away millions of tickets each year through their frequent flyer programs, with the typical airline awarding a free ticket for each 25,000 miles flown on the airline.

#queThe following information pertains to Fairways Driving Range, Inc.: The company is considering operating a new driving range facility in Sanford, FL. In order to do so, they

The Knapp Company needs to predict the labor cost in producing small carrot patch dolls. The following production information is available: Year Dolls Pr

Engineering method These methods are based on the use of engineering analysis of technological relationship between inputs and outputs e.g. method studies and time and motion s

Determine the Zero bases budgeting According to Leonard mere According to Leonard mere,  ZBB is a technique which complements and links the existing planning budgeting and revi

Receivable management is a specialized activity and needs various time and effort on the part of the firm. Collection of receivables frequently poses problems, mainly for small and