This course on Intro to Linear Programming using Algebra, Pencil & Paper aims to teach the following:
- Understanding the basics of Linear Programming
- Using Linear Algebra and the Graphing Method on paper to solve real-world problems
- Identifying parameters and decision variables in problem-solving
- Creating a math model with linear equations and inequalities
- Graphing linear inequalities to visualize solutions
- Determining the feasible region and optimal solution through vertices
The teaching method involves a step-by-step approach with practical examples and a summary at the end. This course is intended for individuals interested in learning the fundamentals of linear programming and its application in business analytics.
Basic Excel Business Analytics - Intro to Linear Programming Using Algebra, Pencil & Paper
ExcelIsFun via YouTube
Overview
Syllabus
) Intro To Linear Programming.
) Use Liner Algebra and the Graphing Method on paper to solve Manufacturing problem where we try to maximize contribution Margin give a set of constraints..
) List parameters (Formula Inputs) and Decision Variables.
) List Math Model: Objective Function and Constraint Functions: All are Linear Equations/Inequalities..
) Graph Linear Inequalities..
) Feasible Region and vertices (extreme points) will yield our Optimal Solution..
) Summary.
Taught by
ExcelIsFun
