Master Linear Programming Methods using Simplex method

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Maxusknowledge Team

9:56:41

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1 - Simplex method Introduction

1 - Simplex method Step 1 Construct an LP Model.mp4

27:14

2 - Simplex method Step 2 Standardization of the problem.mp4

12:46

3 - Simplex method Step 3 Create a Simplex table.mp4

06:44

4 - Simplex method Step 4 Establish a basic initial feasible solution.mp4

12:55

5 - Simplex method Step 5 Perform optimality test.mp4

18:56

6 - Simplex method Step 6 Iterate towards optimal solution.mp4

30:29

7 - Simplex method Step 7 Repeat Steps 5 and 6.mp4

21:34

2 - Examples of Simplex method

8 - Simplex method Example 1 Maximization Part 1.mp4

38:54

9 - Simplex method Example 1 Maximization Part 2.mp4

26:53

10 - Simplex method Example 2 Tie for key columns.mp4

44:25

11 - Simplex method Example 3 Multiple optimal solutions.mp4

41:16

12 - Simplex method Example 4 Degeneracy.mp4

41:32

13 - Simplex method Example 5 Minimization.mp4

36:53

14 - Simplex method Example 6 Infeasible solution.mp4

24:00

15 - Simplex method Example 7 Unrestricted variables.mp4

46:33

3 - Big M method

16 - Simplex method Fundamentals of Big M method.mp4

19:59

17 - Simplex method Big M Example 1.mp4

44:43

18 - Simplex method Big M Example 2.mp4

51:30

19 - Simplex method Big M Example 3.mp4

49:25

Description

Learn Linear programming model and problems (LPP) using Simplex method

What You'll Learn?

Construct Linear programming method using simplex method
Create a simplex table using simplex method
Establish a basic initial feasible solution and complete the creation of simplex table
Perform optimality test for an LP model using the Simplex method
Solve LP problem using simplex method when there are multiple optimal solutions or degeneracy
Solve LP problem using the simplex method in case of minimization objective, degeneracy infeasibility.
Solve linear programming problems using the Big M method

Who is this for?

The course can be useful for students studying operations management, professionals working in IT industry.

What You Need to Know?

You don’t need any perquisites for taking this course

More details

Description
Rarely the resources to run a company are available in the unlimited quantities. There is always a restriction. Each resource â€“ labour, money, material, equipment is available in its specific quantity which sets a limit on its use. The problem most commonly face by the management is to decide the manner in which these limited resources should be used to achieve the desired objective i.e. profit maximization/cost minimization etc. Here linear programming technique proves to be of great help to the management in the decision-making process. It is a mathematical technique for allotting limited resources of a firm in an optimal manner. This technique embraces almost every functional area of the business-like production, finance, marketing, distribution etc. in every type of industry.
A few areas of application of linear programming technique are production scheduling, assembly line balancing, make or buy decisions, media selection, profit planning, portfolio selection, manpower scheduling, flight scheduling, environment protection, diet problems etc.
In this course, you will learn the simplex method to solve linear programming problems. The different type of problems includes maximization, minimization, multiple optimal solutions, degeneracy, infeasible solution and unrestricted variables etc. You will also learn how to handle linear programming problems using simplex method when the constraints have â€˜greater than equal toâ€™ or simply â€˜an equal toâ€™ sign which is also known as Big M method.
Who this course is for:
The course can be useful for students studying operations management, professionals working in IT industry.

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Programming Fundamentals

Maxusknowledge Team

Instructor's Courses

Maxusknowledge was created in 2010. Our motive is to provide quality education in the field of management. The creator of the video is a qualified B.E., MBA and has been working in the corporate world for the last 20 years.The creator has expertise in operations management and has been working in this field for the last 10 years. With this knowledge, the videos have a very good blend of theory and real-life experience. Also, the videos are in-depth and accurate with very simple language.The creator has also has created multiple courses in other fields like Supply chain management and finance management. Special care has been taken to make sure that the quality of content and delivery of the lessons is of the highest quality.

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