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Examveda

Which technique is used in finding a solution for optimizing a given objective, such as profit maximization or cost minimization under certain constraints?

A. Quailing Theory

B. Waiting Line

C. Both A and B

D. Linear Programming

Answer: Option D

Solution(By Examveda Team)

Linear programming is a mathematical technique for solving constrained maximization and minimization problems when there are many constraints and the objective function to be optimized, as well as the constraints faced, are linear (i.e., can be represented by straight lines).

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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