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An Economic Interpretation of Linear Programming
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An Economic Interpretation of Linear Programming

1st ed. 2015

Book Details

Format Hardback or Cased Book
ISBN-10 1137573910
ISBN-13 9781137573919
Edition 1st ed. 2015
Publisher Palgrave Macmillan
Imprint Palgrave Macmillan
Country of Manufacture GB
Country of Publication GB
Publication Date Dec 15th, 2015
Print length 454 Pages
Weight 824 grams
Dimensions 24.50 x 16.30 x 14.30 cms
Ksh 16,200.00
Werezi Extended Catalogue 0 in stock

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This text covers the basic theory and computation for mathematical modeling in linear programming.
This text covers the basic theory and computation for mathematical modeling in linear programming. It provides a strong background on how to set up mathematical proofs and high-level computation methods, and includes substantial background material and direction. Paris presents an intuitive and novel discussion of what it means to solve a system of equations that is a crucial stepping stone for solving any linear program. The discussion of the simplex method for solving linear programs gives an economic interpretation to every step of the simplex algorithm. The text combines in a unique and novel way the microeconomics of production with the structure of linear programming to give students and scholars of economics a clear notion of what it means, formulating a model of economic equilibrium and the computation of opportunity cost in the presence of many outputs and inputs.

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