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
Explain Solvency ratios The term solvency refers of the ability of a concern to meet its long term obligations. The long term indebtedness of a firm include debenture holders,

Negotiated prices Where market based prices are not applicable, it has been argued that allowing managers to bargain with each other in order to establish transfer prices devel

Steps involved in ratio analysis The following are the four steps involved in the ratio analysis: 1) selection of relevant data from the financial statement depending upon t

Question: (a) (I) The following equations relate to the market conditions for pullovers at a given point of time: Demand Function: Q d = 1200 - P Supply Function: Q s

Traditional budgeting vs. zero base budgeting 1) Traditional budgeting is accounting oriented. Main stress happens to be on previous level of expenditure. Zero base budgeting m

Full cost or mark up pricing or cost plus pricing method: In this method the marketer estimates the total cost of producing or manufacturing the product and then adds it a mar

Explain the Objectives of management accounting? 1. Planning and policy formulation: the object of management accounting is to supply necessary data to the management for fo


Illustration: ABC analysis Combine items on the basis of their relative value to form three categories—A, B and C. The data in the table below illustrates the ABC analysis.

Using one of the companies from DQ 1, describe how inventory planning and accuracy can be defined using the Pareto principle. The company is Target, Inc.