Linear Programming and Minimization of Cost-Graphical Method: Linear programming graphical method can be applied to minimization problems in the same manner as illustrated on maximization example page. An example can help us explain the procedure of minimizing cost using linear programming graphical method. Example:
Graphical Method is the technique used to find graphically the breakeven point and highlight the cost-volume-profit relationships over a wide range of activity. The graphical method requires preparation of a break-even chart.