cesses," Interfaces, 15 (November December 1985): 73 83.
them linear programming and Markov analysis, which are consi dered in the following discussions.
Linear programming is an analytical technique used for solving maximization and minimization problems. It is particu larly powerful in solving problems when constraints limit or restrict the course of action available to the decision maker. "Since most managerial problems are of this nature, linear programming is a useful analytical technique for managerial decision making."7
Linear programming procedures are a set of mathematical techniques for finding numerical solutions to a special class of problems. These problems involve the search for the best values of certain variables, where best generally means that set of values which maximizes profit or minimizes cost. An essential part of the problem will be the existen
...