Optimisation (Man Acc 388) Class 1B

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About Course

This class focuses on how to use linear programming in determining the optimal product mix, how to calculate shadow prices within linear programming and how to decide for which products manufacturing should be outsourced.

What Will You Learn?

  • Applying linear programming to calculate optimal product mix
  • Writing of applicable formulas
  • Drawing the graphs and using them to determine product mix
  • Calculating shadow prices within linear programming
  • Deciding for which products manufacturing should be outsourced, if available

Course Content

Optimisation_Linear Programming

  • Example on applying Linear Programming Method within Optimisation
    00:00
  • Video on application of Linear Programming
    30:00
  • Man Acc 388: Outsourcing example
    00:00
  • Man Acc 388: Video on Shadow price in linear programming and outsourcing example
    37:00

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