4-5 linear programming Flashcards
- Can be represented in a straight line
- Have one dimension
Linear
It is a quantitative method of decision making
linear programming
what product should be produced that will fulfill the organization’s objective
Production decisions
The simplex method which was developed by
George B. Dantzig together with US Department of the Airforce
In the graphical solution procedure, the search for the optimal solution is confined to the corner points within the feasible area.
Simplex method
algorithm that can solve problems having more than two decision variables.
A linear-programming
A linear program in which all the constraints are written as equalities.
Standard Form
requirements or restrictions placed on the firm by the operating environment, stated in linear relationships of the decision variables.
Constraints
A variable added to the LHS of “Less than or equal to” constraint to convert it into an equality
Slack Variable
Any basic feasible solution which optimizes(maximizes or minimizes) the objective function.
Optimum Solution
When a LPP is written in a tabular form prior to setting up the Initial Simplex Tableau.
Tableau Form
A table which is used to keep track of the calculations made at each iteration when the simplex method is employed.
Simplex Tableau
is at the rightmost column of the simplex tableau that indicates the capacities or requirements.
RHS (right hand side)
are the elements in the pivot column.
Intersectional elements (IE)
The column having largest positive (or negative) value in the Net Evaluation Row for a maximization (or minimization) problem
Pivotal Column