Simplex Method - Maximization Problem - Tabular Form - Part 1 - EP 24

First Video in a series of 3 videos about the SIMPLEX Method in a Maximization problem using tabular form.
In this video we teach how to create a table to solve a Maximization problem using the Simplex Method.
In the video we also present the concept of Reduced Cost, also called Relative Cost. Furthermore, we present the importance of Reduced Cost to discover whether the solution is optimal or not.
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🔴 Video on Simplex Method - Maximization Problem - Tabular Form - Part 2
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🔴 Video on Simplex Method - Maximization Problem - Tabular Form - Part 3
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0:00 Introduction
1:58 Script
2:55 Forms of the Simplex Method
3:15 The Problem
4:24 Creating the Table
5:34 Basic Variables and Non-Basic Variables - Initial Solution
7:41 Reduced Cost
12:19 Calculating the value of the Objective Function
14:33 Checking Optimality