LPP Formulation



LPP formulation is very easy but you have to understand the business problem. You can to make the objective function. Objective function means to maximize the profit or minimize the cost if we have two products which we are producing. Search the rate of profit or cost of each product. Multiply with the no. of units of product. Then sum, it will be the objective function. Because in the business problem, unit of product will not be given. You can write it X and Y. No, search the different conditions of business problem. These conditions of time and capital. We may be limited time. We may be limited capital or financial resources. So, convert this limitation in equation. Above video tutorial will explain it with taking an example.

Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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