Learning Objectives
- Preparation of linear programming problems before using simplex method.
- Understanding the need to use simplex method.
- Steps involved in using a simplex method.
- Preparing a Simplex Table and understanding its various components.
- Demonstrating the utilisation of simplex method for solving a linear programming problem
- Solving linear programming problems using minimization and maximisation problems.
Outline of Chapter
- Introduction
- Different steps in resolving problems using simplex method.
- Principle of simplex method
- Maximisation problems
- Minimization problems
- Solution of problems with the help of simplex method
- Limitations of linear programming problemswith simplex method
- Review and Discussion Questions
Links of Previous Main Topic:-
- Introduction to accounting and branches of accounting
- Preparation of final accounts
- Introduction of fund flow statement
- Introduction cash flow statement
- Ratio analysis significance of ratio analysis
- Fixed assets and depreciation meaning causes objectives methods and basic factor
- Cost accounting concept objectives advantages limitations general principles and cost sheet
- Job costing
- Introduction process costing
- Activity based costing introduction concept and classification
- Introduction inventory pricing and valuation
- Standard costing introduction
- Management accounting
- Marginal costing
- Relevant cost for decision making
- Budget and budgetary control
- Limitations of historical accounting
- Introduction to responsibility accounting
- Introduction to financial management
- Introduction and types of dividend
- Concept of cost of capital
- Capitalization meaning
- Concepts of working capital
- Concept of capital expenditure
- Learning objectives and chapter outline
- Limitations of operations research
- Linear programming learning objectives and outline of chapter
- Introduction learning objectives
Links of Next Finance Topics:-
- Duality in linear programming
- Learning objectives
- Learning objectives and chapter outline in assignment model
- Minimization problems
- Learning objectives the transportation problems
- Special case of traveling sales man problem
- Replacement theory learning objectives and chapter outline
- Learning objectives and chapter outline for waiting line queuing theory
