Linear Programming model overview- including decision variables, objective functions & constraints

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Linear Programming is an optimization model. It is a mathematical technique designed to help operations managers plan & make decisions necessary to allocate and optimize resources. This video covers the four essential functions of Linear Programming (Limited Resources, An explicit objective, Linearity, and Homogeneity). We will discuss the components of a Linear Programming model including decision variables, the objective function, and constraints. We will conclude with how to formulate and solve for the model. Content derived from from the Textbook "Operations Management, Sustainability and Supply Chain" 13th edition by Jay Heizer, Barry Render and Chuck Munson. Module B on Linear Programming.