Sir Loin said:From a GEDer!
50 + 50 x 0 + 1=?
( 50 + 50 ) = 100
100 (X 0 ) = 100
( + 1 ) = 101
SL
It's been a long, long, long l--------o------------n-----------------g time since I sat in an algebra class, but here is how I remember it.BUT, 100 nothings, is nothing.
If so, it is nothing new! Just someone trying to re-invent the wheel.Definition
Mathematical technique used in computer modeling (simulation) to find the best possible solution in allocating limited resources (energy, machines, materials, money, personnel, space, time, etc.) to achieve maximum profit or minimum cost. However, it is applicable only where all relationships are linear (see linear relationship), and can accommodate only a limited class of cost functions. For problems involving more complex cost functions, another technique called 'mixed integer modeling' is employed. Developed by the Russian economist Leonid Kantorovich (1912-86) and the US economist C. Koopmans (1910-86), on the basis of the work of the Russian mathematician Andrei Nikolaevich Kolmogorov (1903-87).
By the amount of tax write off it will produce.When you are planning on investing in let say, two tractors, how do you quantify that it is a good investment at that time?
No!do you want your cattle to be at a particular weight by the time you sell?
Sir Loin said:sweetbasil
Is this to which you are referring? Yes, this definition clearly defines the fundamentals of LP.
http://www.businessdictionary.com/definition/linear-programming.html
If so, it is nothing new! Just someone trying to re-invent the wheel.
Your are absolutely right, LP is nothing new; the only thing is that you can do much more things using these types of tools because there are programs that can do it for you (e.g., one can do relatively a lot of LP using excel without having to invest in specialized programs).
Can you tell me what SP represents?
Can you tell me what this equation defines?
C + P = SP
C= cost
P = profit
SP = ? ?
This is how I see the above equation (feel free to correct me; I don't mind constructive criticism since it only helps me become a better person).
Are you referring to the following equation when calculating profit?
CP (cost price) + Profit = Selling Price (SP)
Profit = Selling Price - Cost Price
If one wants to calcualte the percentage of profit increase, it would be something like:
Profit % = (SP -CP)*100/CP
Maybe I am wrong interpreting your equation.
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VB RANCH said:50 + 50 x 0 + 1=?
run that thru the calculator that you balance your check book with
Make that 500 to one!PS: About that 10 to 1consensus of opinion, make that a 100 to 1 .
True!Your are absolutely right, LP is nothing new; the only thing is that you can do much more things using these types of tools because there are programs that can do it for you (e.g., one can do relatively a lot of LP using excel without having to invest in specialized programs).
No, you are correct.Maybe I am wrong interpreting your equation.
Your answer ( sale price )was correct. Now I know you fully understand the equation, but you didn't answer this one.Can you tell me what SP represents?
VB RANCH said:50 + 50 x 0 + 1=?
run that thru the calculator that you balance your check book with
VB RANCH said:50 + 50 x 0 + 1=?
run that thru the calculator that you balance your check book with