The purpose of this research was to introduce the method on the utilization of linear programming into the model of family resource management. Although various problems to set up mathematical model for family resource management can be considered, th...
The purpose of this research was to introduce the method on the utilization of linear programming into the model of family resource management. Although various problems to set up mathematical model for family resource management can be considered, there are many family resource decision situations to which mathematical models may be fruitfully applied. Within this context, this research provided several examples chosen to represent a few family decision-making situations which lend themselves to mathematical analysis. For this purpose, linear programming which is a mathematical procedure for determinig optimal allocation of scarce resources was utilized. This exercise provided useful experience in applying managerial concepts of fmaily resource amangement model in practical situation and an interactive framework that facilitates discussions of linear porgramming, family resource management behavior, and mathematical application.