Linear-fractional programming: Difference between revisions

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For example, if in the frame of LP we maximize '''profit = income − cost''' and obtain maximal profit of 100 units (= $1100 of income − 1000$ of cost), then using LFP we can obtain only $10 of profit which requires only $50 of investment. Thus, in LP we have efficiency $100/$1000 = 0.1, at the same time LFP provides efficiency equal to $10/$50 = 0.2.
 
Linear-fractional programming can be used in the same real-world applications as LP, in various fields of study. Most extensively it is used in business and economic situations, especially in the situations of deficit of financial resources. Also LFP can be utilized for wide range of engineering problems. Some industries that use linear programming models including transportation, energy, telecommunications, and manufacturing, all of which may use LPFLFP as well as LP.
 
== References ==