ExamVeda
Login
Home

The mathematical model of an LP problem is important because

This question belongs to Management Operations Research
Operations Research
?

The mathematical model of an LP problem is important because.

Answer & Solution
Correct Answer: Option A
The mathematical model of an LP problem is important because it helps in converting the verbal description & numerical data into mathematical expression. Linear programming (LP, also called linear optimization) is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships.
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Operations Research

The use of decision models.
A. Is possible when the variables value is known B. Reduces the scope of judgement & intuition known with certainty in decision-making C. Require the use of computer software D. None of the above
Every mathematical model.
A. Must be deterministic B. Requires computer aid for its solution C. Represents data in numerical form D. All of the above
A physical model is example of.
A. An iconic model B. An analogue model C. A verbal model D. A mathematical model
The qualitative approach to decision analysis relies on.
A. Experience B. Judgement C. Intuition D. All of the above
More Related Questions on Operations Research