Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of ______________ ?
A. Schedule
B. Product Mix
C. Both A and B
D. Servicing Cost
Answer: Option C
Solution(By Examveda Team)
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.”This Question Belongs to Management >> Operations Research
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