• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

ACCA WEBINAR for AAA, APM and AFM Professional Skills 7 July, Noon (BST) Register now >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

Linear Programming

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Linear Programming

  • This topic has 1 reply, 2 voices, and was last updated 9 months ago by John Moffat.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 13, 2021 at 8:15 pm #635695
    syedwaris
    • Topics: 17
    • Replies: 9
    • ☆

    I was watching your video on linear programming and I have few questions related to the steps of linear programming such as.

    (1) Define Symbols:
    Is it correct we define symbols for each product that the business is considering or it should be only Limiting Factor products?

    (2) Formulate Equations for the Constraints
    Here we only consider making equations of products with Limiting Factor (ie constraints) OR we make equation for all products irrespective of which one is bottleneck resource?

    (3) Formulate Equation for the Objective Function
    Here we mention our objective which is to maximize contribution?

    September 14, 2021 at 9:37 am #635712
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49628
    • ☆☆☆☆☆

    1. All products that use the limited resources (and there can only be two of them in the exam for the reasons I explain in the lectures).

    2. The term ‘bottleneck resource’ is relevant for throughput accounting and not for linear programming.

    3. It depends what the question asks for. Most commonly the objective is to maximise the contribution.

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Geply on ACCA Taxation (TX-UK) Basis periods for capital allowances part 3
  • praveenmasih on Revaluation Reserve – ACCA Financial Accounting (FA) lectures
  • John Moffat on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures
  • seef on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures
  • hiiradomar on MA Chapter 1 Questions Accounting for Management

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy