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Objective function in Linear programming

This topic has 1 reply, 2 voices, and was last updated 2 months ago by John Moffat.

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December 3, 2022 at 5:47 am #673179
Isabella1
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I have done questions in linear programming which have objective function of Profit maximization and written as C = 3x + 4y where 3 is contribution of Variable X (Product A) and 4 is contribution of variable Y (Product B).
For example, organisation have function of cost minimization so it would be written as = 3x+4y. Here, 3 and 4 are marginal cost or total cost?
December 3, 2022 at 8:09 am #673186
John Moffat
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If it is cost minimisation then you would use the variable costs per unit in the equation and not the contributions.
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