ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS
The purpose of this paper is to present an economic model of profit maximization in case of a factory that has a number of equipments that must produce a certain number of workpieces in terms of time and profit specified. Using two mathematical models for solving linear optimization problems will b...
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| Format: | Article |
| Language: | English |
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University of Petrosani
2015-10-01
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| Series: | Annals of the University of Petrosani: Economics |
| Subjects: | |
| Online Access: | http://www.upet.ro/annals/economics/pdf/2015/part1/Mitran.pdf |
| _version_ | 1819073231228764160 |
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| author | CĂTĂLIN-ILIE MITRAN |
| author_facet | CĂTĂLIN-ILIE MITRAN |
| author_sort | CĂTĂLIN-ILIE MITRAN |
| collection | DOAJ |
| description | The purpose of this paper is to present an economic model of profit
maximization in case of a factory that has a number of equipments that must produce a certain number of workpieces in terms of time and profit specified. Using two mathematical models for solving linear optimization problems will be solved a particular case of the mentioned economic problem. One of the method is based on graphics resolution and the other on the simplex algorithm. First of all will be presented the data of the problem with a particular case for solving and after these a short presentation of the two above mentioned methods followed by the itself solve of the problem using these methods and the results analysis. |
| first_indexed | 2024-12-21T17:50:20Z |
| format | Article |
| id | doaj.art-e0244603d8e5447385703fa38bedb98f |
| institution | Directory Open Access Journal |
| issn | 1582-5949 2247-8620 |
| language | English |
| last_indexed | 2024-12-21T17:50:20Z |
| publishDate | 2015-10-01 |
| publisher | University of Petrosani |
| record_format | Article |
| series | Annals of the University of Petrosani: Economics |
| spelling | doaj.art-e0244603d8e5447385703fa38bedb98f2022-12-21T18:55:23ZengUniversity of PetrosaniAnnals of the University of Petrosani: Economics1582-59492247-86202015-10-01XV1223230ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONSCĂTĂLIN-ILIE MITRAN0University of Petroșani, RomaniaThe purpose of this paper is to present an economic model of profit maximization in case of a factory that has a number of equipments that must produce a certain number of workpieces in terms of time and profit specified. Using two mathematical models for solving linear optimization problems will be solved a particular case of the mentioned economic problem. One of the method is based on graphics resolution and the other on the simplex algorithm. First of all will be presented the data of the problem with a particular case for solving and after these a short presentation of the two above mentioned methods followed by the itself solve of the problem using these methods and the results analysis.http://www.upet.ro/annals/economics/pdf/2015/part1/Mitran.pdflinear optimization problemsimplex algorithmgraphics methodpolygon of the solutions |
| spellingShingle | CĂTĂLIN-ILIE MITRAN ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS Annals of the University of Petrosani: Economics linear optimization problem simplex algorithm graphics method polygon of the solutions |
| title | ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS |
| title_full | ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS |
| title_fullStr | ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS |
| title_full_unstemmed | ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS |
| title_short | ON SOME MODELS OF LINEAR OPTIMIZATION WITH APPLICATIONS |
| title_sort | on some models of linear optimization with applications |
| topic | linear optimization problem simplex algorithm graphics method polygon of the solutions |
| url | http://www.upet.ro/annals/economics/pdf/2015/part1/Mitran.pdf |
| work_keys_str_mv | AT cataliniliemitran onsomemodelsoflinearoptimizationwithapplications |