What is the Graphical Method and the Simplex Method? And what are the uses of these two?
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The Graphical Method is a simple approach used for problems with two decision variables and a polygonal feasible region, while the Simplex Method is a versatile algorithm that can handle linear programming problems of varying sizes and complexity. The choice between the two methods depends on the problem's characteristics and the number of decision variables.
The key advantages of the simplex approach are that these computerized methods are easier to use and more powerful than the traditional graphical method, and they also provide the best possible solution to the outcomes.