Jun De Wu

Jun De Wu

Introduction to fuzzy linear programming

Introduction In two previous posts we introduced the basic concepts of Fuzzy Logic and linear programming with the Simplex method. As promised, in this post we are going to join these two concepts and introduce fuzzy linear programming. In many…

Price elasticity of demand

Introduction Modeling and explaining the consumer behavior of a product is very important to know what factors affect their behavior, price being one of these important factors. Let’s take as an example a company X that sells clothing. It is…

Introduction to Fuzzy Logic

Introduction In a previous post, we talked about the basics of linear programming and the Simplex method and, in this article, we are going to give an introduction to an emerging branch of mathematics: Fuzzy Logic. In a later article,…

Linear Programming and Simplex Method

Introduction We are all familiar with the concept of Linear Programming or Linear Optimization, that branch of mathematics that is dedicated to optimizing (maximizing or minimizing) a linear objective function subject to constraints in the form of equations and/or inequalities.…