Chapter 2

Question 1

What is Mathematical Programming?

Answer 1

A technique for allocating limited resources most effectively when there are competing demands for these resources. AKA Optimization

Question 2

what kind of model is Linear Programming (LP)?

Answer 2

It is a determinists technique because all of the input data and parameters are known with certainty

Question 3

What are the four assumptions pf an LP model? (4)

Answer 3

1) Certainty - all parameters are known
2) Proportionality - the objective function and constraints are linear; if 1 unit requires 3 hours to make, then 5 units will require 15 hours to make
3) Additivity - sum of all activities is the of the individual acitivities
4) Divisibility - solution needs to be whole numbers

Question 4

What is a solution that satisfies all the constraints?

Answer 4

A feasible solution

Question 5

What is a solution that does not satisfy one or more constraints?

Answer 5

An infeasible solution

Question 6

A feasible solution that results in the max or min objective is called ..?

Answer 6

an optimal solution