1 Discuss the similarities and differences between the diffe

1. Discuss the similarities and differences between the different types of LP (linear programming) problems.
2. What are the assumptions and requirements to formulate and use an LP model?
3. Discuss how a real world LP problem in your workplace can be solved using Excel. How does Excel make it easier to solve?

Solution

1)Different types of LP are simplex and duality. These are mostly used in the optimation of resources related problems.
For both the types the equation should be linear and the main diffference is the process in which the problem is solved

2)The assumptions and requirements are :

3)We will use solver function in excel to solve this type of problems.