Business Mathematics

A matrix is a rectangular arrangement of numbers, symbols, or expressions, arranged in rows and c...

Definition The addition of matrices is the operation of adding two matrices by adding their corre...

Definition The multiplication of a matrix by a scalar is an operation where every element of the ...

Definition An identity matrix is a special type of square matrix in which all the elements of the...

Definition The multiplication of two matrices involves taking the rows of the first matrix and th...

Matrix multiplication has several important properties that make it useful in various mathematica...

Definition The determinant is a scalar value that can be computed from the elements of a square m...

Definition Minor The minor of an element in a matrix is the determinant of the smaller matrix tha...

Definition The inverse of a matrix is a matrix that, when multiplied by the original matrix, resu...

In business studies, differentiation is a useful mathematical concept that helps in understanding...

In BBA (Business Administration) mathematics, differentiation refers to finding the derivative of...

Differentiation in BBA mathematics involves finding the derivative of a function, which represent...

Differentiation of composite functions is achieved using the Chain Rule, which allows you to diff...

Differentiation of parametric functions involves finding the derivative of a function that is def...

Second-order derivatives provide information about the curvature or concavity of a function, indi...

Maxima and minima are critical points in the study of differentiation, where a function reaches i...

Differentiation has significant applications in commerce and economics, where it is used to analy...

The transportation problem is a type of optimization problem in operations research where the obj...

The transportation problem aims to minimize the cost of transporting goods from suppliers (source...

The North-West Corner Rule is a method used to find an initial feasible solution for transportati...

The Least Cost Method (LCM) is a technique used to find an initial feasible solution for transpor...

Vogel's Approximation Method (VAM) is a heuristic used to find an initial feasible solution for t...

An unbalanced transportation problem occurs when the total supply is not equal to the total deman...

The MODI (Modified Distribution) Method, also known as the UV method, is used to check the optima...

The Assignment Problem is a key concept in operations research and management science that involv...

The Hungarian Method is an efficient algorithm used to solve the assignment problem, where the go...

A Restricted Assignment Problem is a variation of the classic assignment problem in which certain...

What is Linear Programming? Linear Programming (LP) is a mathematical technique used to achieve t...

What is Problem Formulation in Linear Programming? Linear Programming Problem Formulation refers ...

The Graphical Method is a visual approach to solving linear programming problems involving two de...

Introduction to the Simplex Method The Simplex Method is one of the most widely used algorithms f...

Linear Programming (LP) is a mathematical technique used to optimize a linear objective function,...

Introduction Simple interest is a basic concept in commercial arithmetic used to calculate the in...

Introduction Compound interest is a method of calculating interest where the interest earned over...

Introduction The equivalent rate is a concept in commercial arithmetic used to compare different ...

Introduction The effective interest rate, also known as the annual equivalent rate (AER) or effec...

Introduction Depreciation refers to the gradual decrease in the value of an asset over time due t...

Introduction Depreciation refers to the gradual decrease in the value of an asset over time due t...

Introduction The present value (PV) is the current worth of a sum of money to be received or paid...

Introduction An annuity is a series of equal payments made at regular intervals over a specified ...

Introduction A sinking fund is a fund established for the purpose of accumulating money over time...

Matrices are a fundamental tool in representing data in a structured and concise form. They allow...

Matrices are widely used in various applications due to their ability to simplify and organize co...

A system of linear equations consists of multiple linear equations with the same set of variables...

The matrix inverse method is a powerful approach for solving a system of linear equations using m...

Cramer's Rule is a method for solving systems of linear equations using determinants. It app...