Introduction to linear programming for economic analysis
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The book provides an Introduction to linear programming with applications to economic analysis. Some of the major areas covered in this book includes Linear Algebra Basics, Formulation of Linear Programming Problems, Basic Concepts and Terminologies, The Structure of Linear Programming, Methods for Solving Linear Programming Problems, and Duality and Sensitivity Analysis. Applications to economic analysis are demonstrated using the R programming language. Economic analysis emphasises farm resource allocation problems involving revenue maximization, cost minimization, profit maximization, optimal crop enterprise combinations, factor substitution, crop rotation, quality difference in labour, and buying or selling resources among others. This book is a practical text that is comprehensive and suitable for teaching, self-study and reference.