Answer to Question #254479 in Accounting for ankitha errolla

Question

Discuss different practical applications (minimum two) of simplex method being is used in a real-life scenario. Also give appropriate references for your examples. 

Answer 1

When it comes to solving linear programming issues, the simplex method is extremely effective. It allows us to examine the vertices of the feasible region in a methodical manner in order to identify the optimal value of the objective function. It is carried out by conducting simple row operations on a matrix known as a simplex tableau.