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Management · Q109

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 109

Q109

Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of ______________ ?

A.
Schedule
B.
Product Mix
C.
Both A and B
Answer
D.
Servicing Cost

Answer: Option C

Solution

Answer: Option C
Solution:
Linear Programming technique is used to allocate scarce resources in an optimum manner in problems of Schedule and Product Mix. Linear programming is a mathematical technique for allocating limited resources is optimum manner. In the words of William M. Fox, “Linear programming is a planning technique that permits some objective function to be minimized or maximized within the framework of given situational restrictions.”