Linear Programming: Caiib Paper 1 (Module B), Unit 7
We all know that CAIIB exams are conducted by the Indian Institute of Banking and Finance (IIBF). CAIIB is said to be one of the difficult courses to be cleared for the bankers. But we assure you that with the help of our “CAIIB study material”, you will definitely clear the CAIIB exam.
CAIIB exams are conducted twice in a year. Candidates should have completed JAIIB before appearing for CAIIB Exam. Here, we will provide detailed notes of every unit of the CAIIB Exam on the latest pattern of IIBF.
So, here we are providing “Unit 7: Linear Programming” of “Module B: Business Mathematics” from “Paper 1: Advanced Bank Management (ABM)”.
The Article is Caiib Unit 7: Linear Programming
This can be solved either ‘graphical’ or ‘simplex’ method.
Linear Programming refers to several related mathematical techniques that are used to allocate limited resources among completing demands in an optimum way.
Some examples of resource and marketing constraints:
- Bank may stipulate certain working capital requirements.
- Market may not absorb the whole output
- Capacity constraints
- Labor availability
- Raw Material availability
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