bba 2023

The Transportation Problem and the Assignment Problem

The transportation problem The transportation problem is a classic optimization problem in the field of operations research and management science. It involves finding the most cost-effective way to transport goods from multiple suppliers to multiple consumers, taking into account supply and demand constraints, as well as transportation costs. Here are the key components and elements …

The Transportation Problem and the Assignment Problem Read More »

LINEAR PROGRAMMING SOLUTION – GRAPHICAL METHOD

INTRODUCTIONThere are two methods available to find an optimal solution to a Linear Programming Problem. One is a graphical method and the other is a simplex method. The graphical method can be used only for a two-variable problem i.e. a problem that involves two decision variables. The two axes of the graph (X & Y …

LINEAR PROGRAMMING SOLUTION – GRAPHICAL METHOD Read More »

LINEAR PROGRAMMING

Linear Programming is a problem-solving approach that has been developed to help managers to make decisions. Linear Programming is a mathematical technique for determining the optimum allocation of resources and obtaining a particular objective when there are alternative uses of the resources, money, manpower, material, machines, and other facilities. THE NATURE OF LINEAR PROGRAMMING PROBLEM …

LINEAR PROGRAMMING Read More »

Financial Markets: Money Market; Capital Market

Financial markets can be broadly categorized into two main types: the Money Market and the Capital Market. These markets serve distinct purposes and involve different types of financial instruments. 1. Money Market: The money market deals with short-term debt securities and financial instruments that have high liquidity and typically mature in one year or less. …

Financial Markets: Money Market; Capital Market Read More »