Quantitative methods are becoming an increasingly valuable part of industrial and commercial organisation. The trend for a more numerate management and cheaper computing resources will ensure that they will become more widespread in the future. Any quantitative technique requires some mathematical model of all or part of a commercial organisation, its competitors, customers or supplies, or some aspect of the environment within which it operates. These models may be very simple or highly complex, and the construction and study of them is becoming increasingly important. One that has already achieved widespread popularity is that of linear programming. It is a technique that is prescriptive rather than descriptive and its prescriptions can yield substantial dividends. Reliable computer software exists to exploit it and this has become so efficient that models with five thousand decisions can be used routinely. Thus it is an exciting and powerful tool of business analysis.
Weitere Kapitel dieses Buchs durch Wischen aufrufen
- Linear Programming
- Macmillan Education UK
- Chapter 12
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