Which of the following methods do we use in conjunction with the corner point method to determine the maximum profit solution to LP problems with profit maximization objective?
A)iso-cost line method
B)sensitivity analysis method
C)simplex method
D)iso-profit line method

Question

Quizplus · Accepted Answer

We use the iso-profit line method in conjunction with the corner point method to determine the maximum profit solution to LP problems with profit maximization objective. The iso-profit line method involves drawing a line representing the objective function value for different profit levels and finding the point where this line intersects with the feasible region. This point corresponds to the maximum profit solution. The other methods mentioned (iso-cost line method, sensitivity analysis method, simplex method) are used in different stages of LP problem-solving but are not specifically used in conjunction with the corner point method for profit maximization.

Which of the Following Methods Do We Use in Conjunction