Abstract:
A Computerized Mathematical Optimization System provides a computer user with a simple, efficient means of solving LP problems, and with a powerful tool for implementing other mathematical optimization applications. Mathematical Optimization may be defined as any mathematical techniques for determining the optimum use of various resources (for example, capital, raw materials, manpower, plant, or other facilities) to attain a particular objective ( for example, minimum cost or maximum profit) when there are alternate uses for the resources. LP is the most widely used of these techniques and has been used to allocate, assign, schedule, select, or evaluate the uses of limited resources for various jobs, such as blending, mixing, bidding, cutting, trimming, pricing, purchasing, planning, and the transportation and distribution of raw materials and finished products. A Computerized Mathematical Optimisation System uses, automatically, sophisticated scaling and inversion techniques to improve solution accuracy.
Page(s):
42-55
DOI:
DOI not available
Published:
Journal: Research bulletin, Volume: 9, Issue: 2, Year: 1980