School of Business
Department of Management Information Systems
BMIS355: Quantitative Methods of Business Decisions
Chapter 2 | Part 3
Modeling with Linear Programming
Spring 2020 - 2021
BMIS355- CHAPTER 2
, Outline
1. Modeling with Linear Programming:
◦ Two Variables LP. (Formulation)
◦ Graphical LP Solution.
◦ Solution of a maximization problem.
◦ Solution of a minimization problem.
2. LP Applications:
◦ Investment
◦ Production planning & inventory control (Single Period Production Model)
BMIS355- CHAPTER 2
Department of Management Information Systems
BMIS355: Quantitative Methods of Business Decisions
Chapter 2 | Part 3
Modeling with Linear Programming
Spring 2020 - 2021
BMIS355- CHAPTER 2
, Outline
1. Modeling with Linear Programming:
◦ Two Variables LP. (Formulation)
◦ Graphical LP Solution.
◦ Solution of a maximization problem.
◦ Solution of a minimization problem.
2. LP Applications:
◦ Investment
◦ Production planning & inventory control (Single Period Production Model)
BMIS355- CHAPTER 2
