Linear Programming - FortySeven
linear programming

Linear Programming

Linear programming is a set of business management methods and techniques used to make managerial decisions. It is a branch of mathematics, which uses advanced computational methods to analyze problems related to managing operations and logistics.

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In linear programming, the definition of a problem is in terms of goals, variables, and constraints. Within this context, managers use computers to analyze the problem by applying sophisticated mathematical methods of analysis. This process results in producing an optimal solution, which describes the best combination of variables that can produce the best result for the organization.

 

 

linear programming

Areas of Application

Resource Allocation

Where the allocation of the same set of resources can be to different users, linear programming helps to define the most optimal combination

Inventory Management

Linear programming helps managers plan their inventory and determining what levels of stock of each good they should hold

Route Planning

Distribution teams use linear programming to chart out the most efficient delivery route for the company’s fleet

Decision-Making

Where a problem has multiple alternative solutions, each with their own costs and benefits, linear programming helps managers to choose the best alternative

Basic Terms in Linear Programming

Variables

In linear programming, the concept of variables refers to those factors controlled by the management. Variables in a linear programming problem represent questions such as how many units of Product A or Product B to produce.

Constraints

Constraints are the limitations that the organization faces and cannot move beyond. For example, the production capacity of the organization is a constraint. It cannot produce more than the maximum output capacity of the machinery.

Minimization and Maximization

We use the most advanced linear programming methods to solve business problems of our clients. Whether you want to minimize operational and production costs or maximize revenue and profits, we help you analyze all the possible options and recommend the one that will best suit your business objectives and strategy.

Objective Function

The objective function is an expression of the problem in the form of a mathematical equation. The expression of the goal is in the form of an objective affected by the variables and constants.

Feasible Region

Upon solving the equation, a graphical representation of the solution shows a feasible region or the possible combinations of the two alternatives from which the company can choose.



Industries

Our solutions are already widely used by the top vendors in different industrial fields.

Human Resources

Banking / Finance

Healthcare

Insurance

Reasons to choose FortySeven Software Professionals

Our development process is the natural evolution of a software process to support today’s changing business environment. We believe that every project should be dealt with a fresh approach. Our industry knowledge allows us to deliver solutions that solve business challenges in 40+ industries. Working closely with you, we define your needs and devise effective automation tool concepts, knowing how to implement these concepts and integrate them according to your specific needs.

Predictability

More than 12 years of successful global IT outsourcing and our customer’s business augmentation.

Business communication

We are compliant with ISO 9001:2015 on Quality management systems and ISO 27001:2013 on Information security management system.

Deep Technology Expertise

Our specialists have a vast business and technology expertise and can develop complex solutions.

Full IP Control

We transfer full control over Intellectual Property Rights to you each month.

Adaptability

We manage projects using software for tracking progress and time. This gives you full control throughout the development process, making progress and billing fully predictable.

Cooperation Models

We have defined each framework with one sincere belief that an engagement model is what that defines a successful collaboration between you and us. Nevertheless of chosen model, you will have the total control, transparency and flexibility over delivery and the budget during the whole development process.

Project Based


This approach doesn’t give the flexibility to you, but it can be used by government or other companies, corporations, individuals if the requirements are clearly defined and all the specifications of the project are known in advance. The involvement of the customer is limited. During the development process, the requirements can’t be changed, any changes will lead to additional fees and make the price of the project not fixed anymore.

Most suitable for small-size projects.

Based under the Waterfall approach.

Strict rules on the specification changes.

Used for projects when all software requirements specifications are clear and predefined.



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Outstaffing Time and Materials


This model is based on the rapidly evolving business and technology world. You are able to make changes on the go and pay for the time the development team spends actually working on your product. We will provide you with pre discussed amount of software engineers and IT specialists required for realization of your project of any size. Each iteration is planned together with you before its implementation, that gives you total control over the deliverables and the budget.

Well-adapted to various kinds of projects from small MVP to complex software engineering solutions.

Full participation and control over the whole development process.

Flexibility on your side, you are able to make changes on the go.

Based on Agile approach, Scrum, Kanban or other methodology can be used.

Choose if the time-to-market is important for you.



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Dedicated Development Team


This cooperation model allows companies, corporations or individuals to augment their software development capacities. You get the access to human resources like software engineering specialists, devops, QA engineers, technical writers, designers, project managers etc. who will work on your project using your software tools and selected methodology. Our IT specialists can work in synergy with your existing IT department.

Full Intellectual Property Rights every month.

Highly educated employees.

Multi language software engineering and management teams.

ISO 9001:2015 on Quality management systems.

ISO 27001:2013 on Information security management system.



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We are Always Standing by and Eager to Help

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