LINEAR PROGRAMMING PART 1 Flashcards

1
Q

A model consisting of linear relationships
representing a firm’s objective and resource
constraints

A

Linear Programming (LP)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

LP problem involves a linear objective
functions, which is the function that must be
maximized or minimized. This objective
function is subject to some constraints, which
are inequalities or equations that restrict the
values of the variables.

A

Linear Programming (LP)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

LP is used to find the best or optimal solution
to a problem that requires a decision about
how best to use a set of limited resources to
achieve

A

Linear Programming (LP)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Determines the resource
capacity needed to meet demand over
an immediate horizon, including units produced, workers hired and

A

. Production Planning

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Menu of food items that meets nutritional or
other requirements, for example, hospital or school
cafeteria menus.

A

. Diet

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Assigns work to limited resources, example ; assigning jobs or workers to different
machines.

A

Assignment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Mix of different products to
produce that will maximize profit or minimize cost
given resource constraints such as material, labor, budget, et

A

Production Mix

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Financial model that
determines amount to invest in different alternatives
given return objectives and constraints for risk, diversity, etc.

A

Investment Budgeting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Schedules regular and
overtime production, plus inventory to carry over, to
meet demand in future periods.

A

Multi-period Scheduling

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Logistical flow of items (goods or
items) from sources to destinations.

A

Transportation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Determines “recipe” requirement

A

Blend

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Maximizes the amount of flow from
sources to destinations; for example, the flow of work
in process through an assembly operation.

A

Maximal Flow

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Shortest routes from sources to
destinations.

A

Shortest Route

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Optimization in Medicine
The objective in an optimization model could be

A

 Maximize lifespan of a patient
 Maximize average lifespan of a population
 Minimize radiation exposure to healthy tissue
 Maximize radiation exposure to cancer tissue
 Minimize the probability of an adverse event
 Minimize costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Optimization in Medicine
The constraints in an optimization model could arise
due to:

A

 Budget constraints
 Maximum allowable exposure to a treatment
 Minimum or maximum time between treatments
 Maximum allowable risk level

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

This system is generated when the
number of decision variables is equal to the number of
constraints, that is, the number of rows = the number
of columns. In this system, there exists a unique
solution.

A

Square system

17
Q

This system is generated when the
number of decision variables is lesser than the
number of constraints, that is, the number of
rows > the number of columns. In this system,
there are many representative solutions

A

Tall system

18
Q

This system is generated when the
number of decision variables is more than the
number of constraints, that is, the number of
ows < number of columns. In this system,
there is infinite solution.

A

Flat system

19
Q

Approaches used in Linear Programming

A

Geometric Approach, Algebraic Approach

20
Q

graphical method
- uses feasible region and corner points (coordinate
points)
to determine the optimal

A

Geometric Approach

21
Q

SIMPLEX method
developed by George B. Dantzig in 1947
- utilized if there are more decision variables and
problem constraints

A

Algebraic Approach

22
Q

APPLICATION FORMULATING LP MODELS STEP 1

A

Step 1. Read the problem carefully. If appropriate, organize the data into a table

23
Q

APPLICATION FORMULATING LP MODELS STEP 2

A

Step 2. Determine and define the variables. These
variables represent the unknown quantities whose
values are what you want to find.

24
Q

APPLICATION FORMULATING LP MODELS STEP 3

A

Step 3. Formulate the objective function. This is what
you want to maximize or minimize.

25
Q

APPLICATION FORMULATING LP MODELS STEP 4

A

Step 4. Formulate the constraints inequalities. These
are expressions that limit the amount of resources you
can use and the restrictions of your constraint
variables.

26
Q

APPLICATION FORMULATING LP MODELS STEP 5

A

Step 5. Solve the problem using an appropriate
algorithm or mathematical technique manually and/or
using any available

27
Q

A mathematical procedure for solving linear
programming problems; can handle two or more
decision variables.

A

Simplex Method

28
Q

A linear programming problem is

A

a. the objective function is to be maximized
b. all decision variables are nonnegative
C. all constraints involve <
d. the constants on the right side in the constraints are
all positive

29
Q

Simplex Method Step 1

A

Determine the objective function.

30
Q

Simplex Method Step 2

A

. Write down all necessary constraint

31
Q

Simplex Method Step 3

A

Convert each constraint into an equation by adding
a slack variable.

32
Q

Simplex Method Step 4

A

Set up the initial simplex table

33
Q

Simplex Method Step 5

A

Select pivot column by finding the most negative
indicator

34
Q

Simplex Method Step 6

A
  1. Select pivot row. (Divide the last column by pivot
    column for each corresponding entries. Choose the
    smallest positive result. The corresponding row is
    the pivot row. In case there is no positive entry in
    pivot there is no optimal solutions. Stop!
35
Q

Simplex Method Step 7

A
  1. Find pivot: Circle the pivot entry at the intersection
    of the pivot column and the pivot row, and identify
    entering variable and leaving variable . Divide pivot
    by itself in that row to obtain 1. Also obtain zeros for
    all rest entries in pivot column.
36
Q

Simplex Method Step 8

A
  1. Perform row operation using Pivoting Method