The first step in formulating an LP problem is

graph the problem.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

perform a sensitivity analysis.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

identify the objective and the constraints.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

define the decision variables.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

understand the managerial problem being faced.

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is E understand the managerial problem being faced.
The first step in formulating an linear programming problem is to understand the managerial problem being faced i.e., determine the quantities that are needed to solve the problem.

Suggest Corrections

Similar questions

Explain how principles of management :

(i) Provide useful insight into reality.

(ii) Help in thoughtful decision-making.

(iii) Help the managers in meeting changing environmental requirements.

(iv) Help the managers in making scientific decisions.

(v) Do not provide ready-made solutions to all managerial problems.

Join BYJU'S Learning Program