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Convert the given definitions into a MATLAB script, define the LP problem with A, b, and bounds, solve it, and report the optimum Xopt and its objective value.
In this video tutorial, the general structure of a Linear Programming (LP) model is reviewed and the general matrix form of LP problems, used by MATLAB, discussed. Then, using linprog function of MATLAB, which is used to deal with linear programming problems, some examples are solved. One of the well-known problems formulated as LP model is the Transportation Problem, which is a simple two-layered supply chain model. In this video tutorial, the general form of Transportation Model is discussed and its solution using MATLAB is implemented step-by-step, with a functional approach.