Linear Programming (On-Demand) 2019

Description

Linear programming is the name given to a collection of tools that are among the most widely used in management science. It is essentially a technique that encompasses the problem of allocating scarce resources between competing activities in order to maximize or minimize some numerical quantity, such as contribution or costs. This CPE course includes a step-by-step technique which requires the translation of a decision problem into a system of variables, equations and inequalities. In addition, it explores minimization problems, the slack, shadow price, as well as limitations to linear programming.

Learning Objectives

▪ Apply elements of linear programming to short term pricing and product decisions.
▪ Identify ‘optimal’ solutions based on analysis of product mix, including circumstances where linear programming methods are used.

Major Topics

▪ Step-by-step technique.
▪ Minimization problems.
▪ The slack.
▪ The shadow price.
▪ Linear programming and decision making: minimal contractual requirements.
▪ Limitations to linear programming.

Provider
AICPA
Course Level
Basic
CPE Field of Study
Business Management & Organization
2
Who Should Attend
Management accountants wanting to develop skills in financial performance management.
CGMA exam candidates.
Prerequisites

None.

Advanced Preparation

None.

Purchase Now
When
Available 24/7
Location
Online
Total CPE Credits
2
Format
On-Demand

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Linear Programming (On-Demand) 2019


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