ABM: Concepts and Practice · Part A: Statistics

Chapter 7: Linear programming and simulation

Choosing the best mix when money, risk and rules all bind, and testing a plan against chance.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 7.1Setting up a linear programmep. 87
• 7.2The graphical methodp. 88
• 7.3The simplex methodp. 89
• 7.4Special cases and shadow pricesp. 90
• 7.5Simulationp. 91
• Exam traps and quick checksp. 92
• Practice: 16 questions in three roundsp. 93
• Answers, with every wrong option explainedp. 95
• Make it stickp. 97
• Chapter 7 on one pagep. 98

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.