The Simplex Method is a geometric method of solving linear programming problems. The graphical method can be used for problems with two decision variables. But, when we have more than two decision variables and more problem constraints we can use the Simplex method.
It was developed by George B. Dantzig in 1947. It can be understood as an operation on simplical cones. The simplical cones are the corners of a polytope which is defined by the constraints.
ALGORITHM
STEPS to solve the problem:
PIVOT terminologies:
ADVANTAGES:
DISADVANTAGES:
Hence, this concludes the definition of Simplex Method along with its overview.
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