How can linear programming be used in business?

1 Answer
Aug 29, 2015

Answer:

Linear programming is a general mathematical technique applicable to the analysis of multi-variable scenarios.

Explanation:

While linear programming has been extensively used in scientific and industrial applications, most of those really have a fundamental business purpose.

Linear programming mathematically balances the interaction of different variables across a wide range of specific activities. It can be used to link production outputs and even product lines to available resources, product demand, and cost of money.

It is one of the best ways to integrate different corporate functions and outcomes into a single model that can optimize the overall operation for whichever variable is of most interest to the corporation.