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Linear Programmning

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

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by LMR1006.
Viewing 2 posts - 1 through 2 (of 2 total)
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    Posts
  • February 16, 2024 at 4:51 am #700467
    syedfahad1
    Participant
    • Topics: 16
    • Replies: 11
    • ☆

    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
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1487
    • ☆☆☆☆☆

    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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