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Technical

Linear Programming Logo cgma

  $65.00 - 75.00 |   CPE: 2.0 |   AICPA |   Aug 2015 |   Business Mgmt. & Organization |   AICPA Store
Who Will Benefit?
  • Management accountants wanting to develop skills in financial performance management
  • CGMA exam candidates
Topics Discussed:
  • Step-by-step technique
  • Minimization problems
  • The slack
  • The shadow price
  • Linear programming and decision making: minimal contractual requirements
  • Limitations to linear programming
Learning Objectives

When you complete this course, you will be able to:

  • Apply elements of linear programming to short term pricing and product decisions
  • Identify ‘optimal’ solutions based on analysis of product mix, including circumstances where linear programming methods are used
This CPE course is included in the 60+ hours of Financial Performance Management Program. It can also be purchased individually or as a part of Financial Decision Making.

Linear programming is the name given to a collection of tools that are among the most widely used in management science. It is essentially a technique that encompasses the problem of allocating scarce resources between competing activities in order to maximize or minimize some numerical quantity, such as contribution or costs. This CPE course includes a step-by-step technique which requires the translation of a decision problem into a system of variables, equations and inequalities. In addition, it explores minimization problems, the slack, shadow price, as well as limitations to linear programming.

Topics covered:
  • Management accounting: Technical: Business planning: Planning, forecasting & budgeting, Foundational
  • Management accounting: Technical: Management reporting & analysis: Financial analysis, Foundational

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