Strategic allocation of resources using linear programming model with parametric analysis: in MATLAB

The book "Strategic Allocation of Resources Using Linear Programming Model with Parametric Analysis: in MATLAB" by Dinesh Gupta provides a comprehensive analysis of the application of linear programming models for optimizing resource allocation across various industries. Since the 1940s, these models have been used in aviation, aerospace, and the oil industry to enhance efficiency and make optimal use of resources. Gupta examines a typical product mix problem in a manufacturing system that involves two products and demonstrates how the latest versions of MATLAB, particularly the command simlp, can be used to solve such problems. The book aims to provide a mathematical description of the optimization problem and explain the steps to determine the optimal product mix that maximizes profit. The graphical representation of the results in MATLAB illustrates the feasible region and the lines of equal profit, which are significant for decision-making.