5.3 Linear Programming in Two Dimensions: A Geometric Approach Flashcards
What is Linear programming?
Linear programming is a
mathematical process that has been developed to help management in decision making.
Getting an objective function from given information
Using the tent manufactuing example, what are decision variables?
What is the objective?
The objective is to find values of the decision variables that produce the optimal value (in this case, maximum value) of the objective function.
What are problem constraints?
The form of the objective function indicates that the profit can be made as large as we like, simply by producing enough tents. But any manufacturing company has limits imposed by available resources, plant capacity, demand, and so on. These limits are referred to as problem constraints.
What are non-negative constraints?
What can a mathamatical model for these problems look like?
What can a feasible region for these kinds of problems look like?
Example of a maximization problem?
Out of all possible production schedules 1x, y2 from the feasible region, which
schedule(s) produces the maximum profit? This is a maximization problem.
What is a constant-profit line?
By assigning P in P=50x +80y a particular value and plotting the resulting
equation in the coordinate system shown in Figure 1, we obtain a constant-profit line.
Every point in the feasible region on this line represents a production schedule that will produce the same profit. By doing this for a number of values for P, we obtain a family of constant-profit lines (Fig. 2) that are parallel to each other, since they all have the same slope.
To see this, we write P=50x +80y in the slope-intercept form
Graphically, where does maximum profit occur?
What is this point called?
Therefore, the maximum profit occurs at a point where a constant-profit line
is the farthest from the origin but still in contact with the feasible region. This is the optimal solution
PROCEDURE Constructing a Model for an Applied Linear Programming Problem
General Description of Linear Programming
Fundamental Theorem of Linear Programming
THEOREM 2 Existence of Optimal Solutions