Use of computer systems in linear programming, Managerial Accounting

Assignment Help:

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.


Related Discussions:- Use of computer systems in linear programming

Help, Sean Corp. issued a $60,000, 10 year bond at the face rate of 8% annu...

Sean Corp. issued a $60,000, 10 year bond at the face rate of 8% annually on 1/1/X0. The market rate was 10%. How much cash will the bond investors receive at the end of the first

Application areas of linear programming, 5 application areas of linear prog...

5 application areas of linear programing in management accounting

Factoring, Receivable management is a specialized activity and needs variou...

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

What are the features of product life cycle costing, Features of product li...

Features of product life cycle costing Product life cycle costing is important due to the following features: 1) product life cycle costing involves tracing of costs and re

Transfer pricing , Western States Supply, Inc. (WSS), consists of three div...

Western States Supply, Inc. (WSS), consists of three divisions—California, Northwest, and Southwest—that operate as if they were independent companies. Each division has its own sa

Explain zero base budgeting, Introduction of zero base budgeting Steps ...

Introduction of zero base budgeting Steps involved in the introduction of zero base budgeting 1) Corporate objectives should be established and laid down in detail 2) Dec

Explain the categories of the activity cost drivers, Explain the categories...

Explain the categories of The activity cost drivers The activity cost drivers can broadly be classified into following three categories: 1) Transaction drivers: for exampl

Explain term contribution - contribution margin analysis, Contribution marg...

Contribution margin Analysis Contribution Contribution is the  difference between sales and variable cost or marginal cost of sales . if may also be defined as the excess

Functions of the treasury department, The significant functions of a treasu...

The significant functions of a treasury department are as given below: a) Setting up corporate financial goals Financial strategies and aim Treasury and financial po

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd