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
Describe Benchmarking It is the process of measuring products service or activities against the best level of performance which may be found either inside or outside the organi

Explain the Cost accounting:         Meaning and definition: Cost accounting is the process of accounting for cost which begins with the incurrence of cost and ends with th

Working Capital management is affected through two characteristics of current assets that are as follows (i) short life span (ii) swift transformation in the other asset forms.

1. In common, accounting period is the time period reflected by a series of financial statements.  2. In terms of taxation, it is twelve-month period a taxpayer uses to know

the suitability of incremental budgeting to a stable and static environment

When the customers of the company are spread over broad geographical areas then in place of a particular collection centre the company opens collection centres at the regional stag

It is a spontaneous source of finance that is commonly extended to business organization depending on the custom of the competition and trade prevailing within the organization and

The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipme

Implementation of ABC analysis The following steps are included in implementing the ABC analysis: 1. Categorize the items of inventories, establishing the expected use in un

what is Long term budgets Long term budgets: The budgets are prepared to depict long term planning of the business. The period of long term begets various between five to ten