Which of the following are typical objectives of Linear Programming (LP)? Select ALL that apply.
Linear Programming (LP) aims to optimise resource allocation by:
Minimising inventory levels (reduce storage costs).
Maximising machine working hours (increase efficiency).
Minimising production costs (reduce expenses).
Maximising labour working hours (increase productivity).
Option C is incorrect---LP aims to minimise, not maximise, transportation costs.
(LO 1.3, See p.47)
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