B Com Exam  >  B Com Videos  >  Business Mathematics and Statistics  >  Linear Programming Problems (LPP) via Graphical Method, Business Mathematics and Statistics

Linear Programming Problems (LPP) via Graphical Method, Business Mathematics and Statistics Video Lecture | Business Mathematics and Statistics - B Com

115 videos|142 docs

FAQs on Linear Programming Problems (LPP) via Graphical Method, Business Mathematics and Statistics Video Lecture - Business Mathematics and Statistics - B Com

1. What is the graphical method in linear programming problems?
Ans. The graphical method is a technique used to solve linear programming problems. It involves graphing the constraints and objective function on a coordinate plane to find the feasible region and optimal solution.
2. How do you represent constraints graphically in linear programming problems?
Ans. Constraints in linear programming problems can be represented graphically by drawing the lines or curves that represent each constraint on a coordinate plane. The feasible region, where all constraints are satisfied, is then formed by the overlapping area of these lines or curves.
3. What is the significance of the feasible region in linear programming problems?
Ans. The feasible region in linear programming problems represents the set of all possible solutions that satisfy the given constraints. It is a bounded area on the coordinate plane where the objective function can be optimized to find the best solution.
4. How do you determine the optimal solution using the graphical method in linear programming problems?
Ans. To determine the optimal solution using the graphical method in linear programming problems, the objective function is graphed as a line or curve. The optimal solution is found at the vertex or corner point of the feasible region that maximizes or minimizes the objective function.
5. What are the limitations of the graphical method in solving linear programming problems?
Ans. The graphical method has certain limitations in solving linear programming problems. It is only applicable to problems with two decision variables, as it becomes difficult to graphically represent constraints and objective functions in higher dimensions. Additionally, the graphical method may not provide an exact solution for complex problems and may require additional computational methods.
115 videos|142 docs
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

Extra Questions

,

study material

,

MCQs

,

Semester Notes

,

video lectures

,

Summary

,

Previous Year Questions with Solutions

,

Sample Paper

,

mock tests for examination

,

Exam

,

ppt

,

Business Mathematics and Statistics Video Lecture | Business Mathematics and Statistics - B Com

,

shortcuts and tricks

,

Viva Questions

,

Business Mathematics and Statistics Video Lecture | Business Mathematics and Statistics - B Com

,

past year papers

,

Important questions

,

Linear Programming Problems (LPP) via Graphical Method

,

Linear Programming Problems (LPP) via Graphical Method

,

Business Mathematics and Statistics Video Lecture | Business Mathematics and Statistics - B Com

,

Linear Programming Problems (LPP) via Graphical Method

,

pdf

,

Objective type Questions

,

Free

,

practice quizzes

;