Master Linear Programming Methods using Simplex method

Master Linear Programming Methods using Simplex method, available at $44.99, has an average rating of 5, with 19 lectures, based on 3 reviews, and has 14 subscribers.

You will learn about Construct Linear programming method using simplex method Create a simplex table using simplex method Establish a basic initial feasible solution and complete the creation of simplex table Perform optimality test for an LP model using the Simplex method Solve LP problem using simplex method when there are multiple optimal solutions or degeneracy Solve LP problem using the simplex method in case of minimization objective, degeneracy infeasibility. Solve linear programming problems using the Big M method This course is ideal for individuals who are The course can be useful for students studying operations management, professionals working in IT industry. It is particularly useful for The course can be useful for students studying operations management, professionals working in IT industry.

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Summary

Title: Master Linear Programming Methods using Simplex method

Price: $44.99

Average Rating: 5

Number of Lectures: 19

Number of Published Lectures: 19

Number of Curriculum Items: 19

Number of Published Curriculum Objects: 19

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Construct Linear programming method using simplex method
Create a simplex table using simplex method
Establish a basic initial feasible solution and complete the creation of simplex table
Perform optimality test for an LP model using the Simplex method
Solve LP problem using simplex method when there are multiple optimal solutions or degeneracy
Solve LP problem using the simplex method in case of minimization objective, degeneracy infeasibility.
Solve linear programming problems using the Big M method

Who Should Attend

The course can be useful for students studying operations management, professionals working in IT industry.

Target Audiences

The course can be useful for students studying operations management, professionals working in IT industry.

Rarely the resources to run a company are available in the unlimited quantities. There is always a restriction. Each resource – labour, money, material, equipment is available in its specific quantity which sets a limit on its use. The problem most commonly face by the management is to decide the manner in which these limited resources should be used to achieve the desired objective i.e. profit maximization/cost minimization etc. Here linear programming technique proves to be of great help to the management in the decision-making process. It is a mathematical technique for allotting limited resources of a firm in an optimal manner. This technique embraces almost every functional area of the business-like production, finance, marketing, distribution etc. in every type of industry.

A few areas of application of linear programming technique are production scheduling, assembly line balancing, make or buy decisions, media selection, profit planning, portfolio selection, manpower scheduling, flight scheduling, environment protection, diet problems etc.

In this course, you will learn the simplex method to solve linear programming problems. The different type of problems includes maximization, minimization, multiple optimal solutions, degeneracy, infeasible solution and unrestricted variables etc. You will also learn how to handle linear programming problems using simplex method when the constraints have ‘greater than equal to’ or simply ‘an equal to’ sign which is also known as Big M method.

Course Curriculum

Chapter 1: Simplex method – Introduction

Lecture 1: Simplex method – Step 1 – Construct an LP Model

Lecture 2: Simplex method – Step 2 – Standardization of the problem

Lecture 3: Simplex method – Step 3 – Create a Simplex table

Lecture 4: Simplex method – Step 4 – Establish a basic initial feasible solution

Lecture 5: Simplex method – Step 5 – Perform optimality test

Lecture 6: Simplex method – Step 6 – Iterate towards optimal solution

Lecture 7: Simplex method – Step 7 – Repeat Steps 5 and 6

Chapter 2: Examples of Simplex method

Lecture 1: Simplex method – Example 1 – Maximization – Part 1

Lecture 2: Simplex method – Example 1 – Maximization – Part 2

Lecture 3: Simplex method – Example 2 – Tie for key columns

Lecture 4: Simplex method – Example 3 – Multiple optimal solutions

Lecture 5: Simplex method – Example 4 – Degeneracy

Lecture 6: Simplex method – Example 5 – Minimization

Lecture 7: Simplex method – Example 6 – Infeasible solution

Lecture 8: Simplex method – Example 7 – Unrestricted variables

Chapter 3: Big M method

Lecture 1: Simplex method – Fundamentals of Big M method

Lecture 2: Simplex method – Big M – Example 1

Lecture 3: Simplex method – Big M – Example 2

Lecture 4: Simplex method – Big M – Example 3

Instructors

Maxusknowledge Team
Instructor

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