Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Objective Function
Although the standard LP model can be either the maximization or the minimization type, it is sometimes useful to convert one form to the other.The maximization of a function is equivalent to the minimization of the negative of the same function, and vice versa.For example: Max. Z = 5X1 + 2X2 + 3X3 is mathematically equivalent to Min. (-Z) = -5X1 - 2X2 - 3X3Equivalence means that for the same set of constraints the optimum values of X1, X2 and X3 are the same in both cases. The only difference is that of the values of the objective functions, although equal numerically, will appear with opposite signs. Example: Write the following LP model in the standard form:Minimum: Z = 2X1 + 3X2 Minimum: Z = X1' - 2X1'' + 3X2Subject to: X1 + X2 = 10 Subject to: X'1 - 2X''1 + 3X2 = 10 -2X1' + 3X2≤ -5 2X'1 - 2X''1 - 3X2 - S2 = 5 7X1 - 4X2 ≤ 6 7X'1 - 7X''1 - 4X2 + S3 = 6 X1 Unrestricted X1', X1'', X2, S2, S3 ≥ 0 X2 ≥ 0
#Explore the behavioral aspects of budgeting#
Material storage Sophisticated mathematical models to control economic buying, and systems control the flow of material may all be for naught if the obvious-efficient storekeep
Required: 1. Using the information provided prepare a Balance Sheet. Separate the current assets from non-current assets and provide a total for each. Also separate the current li
Characteristics of cost reduction 1) Cost reduction must be real : said through increase in productivity change in product design improvement in technology etc. 2) Cost r
Variances Analysis Variances are the differences between actual results and expected results. Expected results are the standard costs and standard revenues. Price, rate and
Ask queThe standard cost of chemical mixture ~ PQ’ is as follows: 40% of material P @ Rs. 400 per kg. 60% of material Q @ Rs. 600 per kg. A standard loss of 10% is normally anticip
Decision Making Process Decision making is the process of choosing among alternatives. There are 7 steps that should be followed as shown in figure below: Figure:
Requirements of a good budgeting system Following are the requirement of a good budgeting system: 1) Budgeting process should be backed and supported by the chief executive
Accounting Method is the method by which income and expenses are accounted for taxation purposes. The Internal Revenue Service needs taxpayers to select an accounting method that p
Quasar Computers are the first all optical notebooks and their profit largely affects the manipulations in cost, price, total revenue and quantity changes. The market analysis show
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd