Essays on Linear Programming

This research is used to investigate the efficiency levels in the banking sectors in various Arabian countries, while considering the role of economic development and different financial reforms taking place, and how these reforms impact the banking industry performance and efficiency (Al-Jarrah, 2007). The comparison of these financial institutions to American or western culture nations shows how these reforms can help or cripple banking industries around the world. Efficiency estimation techniques can be categorized into two groups including parametric and nonparametric methods. Data Envelopment Analysis (DEA) is an example of a nonparametric method of analysis, which is believed to ...

Questions

Question 1 Linear Programming is a problem-solving tool that applies mathematical models that are linear in planning activities for certain decisions. It is applicable in almost all forms of organization in both for-profit and not-for-profit organizations. It is also applicable to government entities and institutions. It widely applied where limited resources have to be allocated among various activities that need resources simultaneously.

Question 2

The graphical method can only be used in solving linear programming models with only two decision variables. This is because a simple graph has only one dimension. A one dimension graph has only two axes: x and ...

Decision-making is a crucial role of a manager in any organization. A decision is defined as making an option from several alternatives that will help a person solve a certain issue. Decision-making has a number of characteristics namely: it is based on rational thinking; it is a process of choosing the from among available alternatives; it requires rating or evaluation of available alternatives; it is aimed to accomplish goals in an organization; it is preceded by deliberations and discussions hence it is an end product; and calls for certain commitment. Various decisions differ in significance and nature. Some decisions ...

Inductive reasoning depends on past encounters to frame a conclusion. Along these lines, gaining from past encounters one can utilize inductive thinking to arrive at a conclusion. In the expert life where this can be utilized is at the enlistment space. From past encounters on which kind of or aptitudes required for an occupation, we can finish up what kind of people will be fit for the employment. If there should arise an occurrence of deductive reasoning, we can utilize sensible explanations to go to an induction. For instance, in day by day life we can utilize this aptitude ...

The Souk Al-Manakh was a classic financial bubble that comprised of investors from around the oil-rich Persian Gulf, and it exploded after confidence in the system was affected. In August 1982, Investors’ checks were reported to bounce and the stock market exchange buckled within a month. The Kuwaiti Ministry of Finance demanded the clearance of all postdated checks by Banks to speed the close down of the stock exchange. The Kuwaiti government conveyed a clearinghouse company that tried to solve disputes and other plights of the investors and brokers (Al-Deera Holding). The arbitration panel was expected to address all ...

Business uses of linear programming

Linear programming is a technique used to make decisions given some conditions or constrain while assuming that the relationship among variables is either linear or non linear. This design helps organization to optimize the allocation of resources. Linear programming is mainly used in formulating product mix that helps to maximize firm profit, minimization of cost during production and in planning. The following methods can be used to find optimal solution in linear programming simplex method, graphical method or the method of computer soft ware’.. Linear programming technique makes several assumptions. First, certainty numbers in objective function do not change ...