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Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of ______________ ?
Answer & Solution
Correct Answer:
Option
C
Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of Schedule and Product Mix. Linear programming is a mathematical technique for allocating limited resources is optimum manner. In the words of William M. Fox, “Linear programming is a planning technique that permits some objective function to be minimized or maximized within the framework of given situational restrictions.”
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