How is linear programming used in business?

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1. Does the system of linear inequalities have a solution set? Does the system of linear inequalities have a solution set? Linear inequalities have either infinitely many solutions or no solution. If there are infinitely many solutions, graph the solution set on a number line and/or express the solution using interval notation....
2. Which variable is used for equal type constraints? Which variable is used for equal type constraints? In an optimization problem, a slack variable is a variable that is added to an inequality constraint to transform it into an equality....
3. How do you find the maximum value of an objective function? How do you find the maximum value of an objective function?...
4. How do you find corner points in linear programming without graphing? How do you find corner points in linear programming without graphing?...
5. What is a decision variable in linear programming? What is a decision variable in linear programming? Decision Variables: These are the unknown quantities that are expected to be estimated as an output of the LPP solution. Objective Function: All linear programming problems aim to either maximize or minimize some numerical value representing profit, cost, production quantity, etc....
6. What is sensitivity analysis in linear programming model? What is sensitivity analysis in linear programming model? Sensitivity Analysis deals with finding out the amount by which we can change the input data for the output of our linear programming model to remain comparatively unchanged. This helps us in determining the sensitivity of the data we supply for the...