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Management · Q97

Operations Research or Qualitative Approach

Graduate and Post Graduate · Management · question 97

Q97

The mathematical model of an LP problem is important because.

A.
It helps in converting the verbal description & numerical data into mathematical expression
Answer
B.
Decision-makers prefer to work with formal models
C.
It captures the relevant relationship among decision factors
D.
It enables the use of algebraic technique

Answer: Option A

Solution

Answer: Option A
Solution:
The mathematical model of an LP problem is important because it helps in converting the verbal description & numerical data into mathematical expression. Linear programming (LP, also called linear optimization) is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear relationships.