If a company wants to maximize profit but has limited labor and raw materials, how would these limitations be represented in a Linear Programming model?
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The company would represent profit as the objective function to be maximized, while the limited labor and raw materials would be represented as constraints. The decision variables would indicate how many units of each product to produce, and each constraint would ensure that the total labor and raw materials used do not exceed the available amounts.
The company’s goal is represented by the objective function to maximize profit, while limited labor and raw materials are represented as constraints with “≤” limits.
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