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Steps of Linear programming

Steps of Linear programming Formulate the linear program. Construct graph, plot the constraint line. Determine the valid side of each constraint line. Identify the feasible solution region. Plot the objective …

What is linear programming?

Linear programming is a technique for the purpose of allocation of limited resources in an optimum manner. It is the technique used in optimum allocation of resource in the organization. …

Difference between CPM vs PERT

Difference between CPM vs PERT CPM PERT CPM is activity oriented PERT is event oriented COM is used when the activity times are deterministic PERT uses a probabilistic times One …

Fulkerson’s Rule – Numbering of events

Fulkerson’s Rule – Numbering of events The initial event which all outgoing arrows with no incoming arrow is numbered ‘a’ Delete all the arrows coming out from node ‘1’ Delete …

Applications of Network Analysis

Applications of Network Analysis (PERT and CPM): Research and development projects. Equipment maintenance and overhauling. Construction projects. Setting up new industries. Planning and launching of new products. Design of plants, …

Objectives of Network Analysis

Objectives of Network Analysis: A powerful coordinating tool for planning, scheduling and controlling of projects. Minimization of total project cost & time. Effective utilization of resource and minimization of effective …

What is network scheduling?

Network Scheduling is a technique for planning and scheduling large projects in the field of construction, maintenance, fabrication and any other areas. Two basic planning and controlling techniques: Critical Path …

Assumptions in Break Even Analysis

Assumptions in Break Even Analysis: Selling prices will remain constant at all sales level. There is a linear relationship between sales volume and cost. The costs are divided into two …