MCQ
The first step in formulating an LP problem is:
  • A
    Graph the problem.
  • B
    Perform a sensitivity analysis.
  • C
    Define the decision variables.
  • D
    Understand the managerial problem being faced.

Answer

  1. Understand the managerial problem being faced.

Solution:

The first step in formulating an linear programming problem is to understand the managerial problem being faced i.e., determine the quantities that are needed to solve the problem.

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