Use of computer systems in linear programming, Managerial Accounting

Use of Computer Systems in Linear Programming

When a computer is to be used for linear programming there are a number of steps:

(1) Development of the equations which describe the system;

(2) Set up the matrix and some packages include a matrix generator which allows the data to be specified in a form suitable for the use with the package, converting it to the form required for the application of the mathematical techniques. The input program should include routines for checking the data and provide comprehensive and understandable error messages.

(3) Production of the solution; some packages can run in either batch or interactive mode, the former being more appropriate with large problems where the time required to reach a solution is fairly long. Since the size of the matrix grows rapidly as the number of constraints and variables increases, potential users need to investigate that the limitations imposed by the package and the hardware on which it runs are not such as to restrict their problem formulation.

(4) Output of the results in a form suitable for the user; again many packages include a report writer. Users may require the facility to examine the results and possibly modify some of the constraints prior to selecting a set of printed reports.

A package must also:

(a) Include facilities for saving program files for use in later runs

(b) Allow sensitivity analysis to be carried out.

Posted Date: 12/7/2012 7:11:53 AM | Location : United States







Related Discussions:- Use of computer systems in linear programming, Assignment Help, Ask Question on Use of computer systems in linear programming, Get Answer, Expert's Help, Use of computer systems in linear programming Discussions

Write discussion on Use of computer systems in linear programming
Your posts are moderated
Related Questions
Selling product for 31.00 and Variable expenses are 26.00. In order to cover the fixed expenses 31,500 hats must be sold what is the Total fixed cost in dollars?


solution to problem 2-23,T-Accounts;applied overhead of Kleinman Company is a manufacturing firm and employess a job-order costing system.

M/s ABC is seeing relaxing its collection efforts. At current its sales are as Rs.40 lakhs, the ACP is here 20 days and variable cost to sales ratio is .8 and bad debts are as .05

Non-Zero Sum Games Within very vast situations of possible non-zero games, varying degrees of co-operation exist between the participants. Games theory has been sufficiently de

Once the cash budget has been arranged and suitable net cash flows established the finance manager must ensure that there does not exists an important deviation in between actual a

Going rate or follow the crowd pricing:- In this method the firm price its products at the similar level as that of the competition. This method supposes that there will be no

Application of Transportation Model In the direct logic, the transportation model looks for the determination of a transportation plan of a particular commodity from a number o

Change of Technology: Changes in technology commonly leads to improvements in the efficient processing of raw material, reduce in wastages, more speedy production and higher produ

Balanced Score Card This is a popular approach in current management thinking which consists of a variety of indicators both financial and non-financial. The balanced scorecard