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Use of Matrix Applied Maths

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akshatmittal1089
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8 views

Use of Matrix Applied Maths

Uploaded by

akshatmittal1089
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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SAI INTERNATIONAL

RESIDENTIAL SCHOOL

TOPIC -: USE OF MATRIX USED TO


SOLVE A PROBLEM WITH SUPPLY AND
DEMAND

NAME - AKSHAT MITTAL


CLASS - 12
ACADEMIC YEAR - 2024 -25
ADD. NO. - 995
CONCLUSION

Matrices provide a structured and ef cient approach to solving


complex supply and demand problems, particularly when
dealing with multiple sources and destinations. Here's a
summary of how matrices are applied in these contexts and the
advantages they offer:
• Representation of Data
• Linear Equations System
• Linear Equations System
• E ciency and Scalability
• Sensitivity Analysis:
Using matrices to solve supply and demand problems offers a
systematic, exible, and computationally ef cient approach.
The ability to represent complex relationships and constraints
in a compact form, apply powerful optimization techniques,
and perform sensitivity analyses makes matrices an invaluable
tool in operational research and logistics planning. As supply
chains and logistical networks continue to grow in complexity,
the role of matrices in nding optimal solutions becomes even
more critical.
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INTRODUCTION

Matrices are powerful tools in linear algebra that can


ef ciently handle systems of linear equations. They are
particularly useful in various elds, including economics and
logistics, where they can model and solve problems related to
supply and demand. This introduction will explain the basic
concepts and provide an example of how matrices can be
applied to solve supply and demand problems.
Basics of Matrices

A matrix is a rectangular array of numbers arranged in rows


and columns. Each number in a matrix is called an element.
Matrices can be used to represent systems of linear equations,
which are equations that involve linear combinations of
variables.
Introduction to Supply and Demand Problems
Supply and demand problems typically involve determining
the optimal distribution of goods from several suppliers to
several consumers while minimizing costs or maximizing
pro ts. Key components include:
• Suppliers: Entities that provide goods or services.
• Consumers: Entities that need goods or services.
• Supply and Demand Constraints: Each supplier has a
limited supply, and each consumer has a speci c demand.
• Cost Matrix: Represents the cost of transporting goods
from each supplier to each consumer.
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