What are limitations of linear programming problem?
Answers
✮ Limitations of Linear Programming :
❀ Single objective: Linear programming takes into account a single objective only, i.e., profit maximization or cost minimization. However, in today's dynamic business environment, there is no single universal objective for all organizations.
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❀ Certainty: Linear Programming assumes that the values of co-efficient of decision variables are known with certainty. Due to this restrictive assumption, linear programming cannot be applied to a wide variety of problems where values of the coefficients are probabilistic.
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❀ Constant parameters: Parameters appearing in LP are assumed to be constant, but in practical situations it is not so.
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❀ Divisibility: In linear programming, the decision variables are allowed to take non-negative integer as well as fractional values. However, we quite often face situations where the planning models contain integer valued variables.
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