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Linear Programmning

This topic has 1 reply, 2 voices, and was last updated 1 year ago by IAW3005.

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February 16, 2024 at 4:51 am #700467
syedfahad1
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My question is regarding Objection Function :
That the objective function is to minimize cost or maximize contribution.
Can objective function used to maximize profit as well or it can maximize contribution only ?
Thanks
February 16, 2024 at 8:17 am #700478
IAW3005
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Maximise contribution
Is the highest profit or contribution margin, given certain constraints such as material and labour limits
The question will tell you
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