A review of the application of linear programming model in meeting organizational objective in a rapid changing business environment
Keywords:
Linear programming, Optimization, Resources, Objective function, ConstraintsAbstract
The rapid changes characterizing the business climate in the twenty-first century creates intense difficulties for organizations in the area of resource planning and allocation. Business requires inputs in form of raw materials, men, time and other resources, in
producing a given amount of outputs in achieving desired objectives. Achieving desired organizational objectives implies utilizing resources effectively using scientific approach. Hence, the study explores literatures on the application of linear programming model in achieving organizational objectives in a rapid changing business climate. The study made use of books and journals in generating relevant information. Reviews of related literature indicates that application of linear programming model has greatly contributed towards effective managerial decision-making regarding resource allocation and quantity of product(s) produced in meeting set objectives. Therefore, the need in the application of linear programming model in contending with scarce resource in pursuance of organizational objectives.