Using an illustration drawn from the area of inventory control, this paper demonstrates how a typical sequential probabilistic model may be formulated in terms of (a) an initial decision rule and (b) ...

Solving linear programming problems in a spreadsheet yields equations for maximizing business profits. As applied to business, linear programming typically involves an objective formula, such as unit ...

In this study we formulate a multi-regional single time period linear goal programming model for agricultural planning in a developing economy. In addition to specifying different levels of input and ...

Deciding how best to use limited resources is a universal issue that spares no individual or business. In today’s competitive quarter-to quarter environment, it’s critically important to your ...

George B. Dantzig, the mathematician who invented the field of linear programming, which revolutionized the way government and private enterprise planned, scheduled and generally conducted their ...