MMW Flashcards
What is Linear Programming?
model consisting linear relationships representing a firm’s objective and resource constraints.
What does Linear Programming involves?
Linear objective functions. It must be maximized or minimized and subject to constraints which are inequalities or equations that restrict the values of the variables.
What is Linear Programming used for?
It is 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 goal or an objective.
What are the real world applications of linear programming?
Production planning, diet, assignment, production mix, investment budgeting, multi-period scheduling, transportation, blend, maximal flow and shortest route
What are its application in Medicine?
Maximize lifespan of a patient, population or
radiation exposure to cancer tissue.
Minimize radiation exposure to healthy tissues, probability of an adverse event or cost.
The constraints in an optimization model are due to what?
Budget constraints, maximum allowable exposure to treatment, minimum or maximum time between treatments, maximum allowable risk level.
Model of an objective function
z = c1x1 +c2x2 + … + CnXn
Constraints model
a11x1 +a12x2 + … + a1nxn (<-=->)b1
a21x1 +a22x2 + … + a2nxn (<-=->)b2
am1x1 +am2x2 + … + amnxn (<-=->)bm
What is a square system?
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.
What is a tall system?
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 solution.
What is the Flat system?
the number of decision variables is greater than the number of constraints, that is, the number of rows < number of columns. In this system, there is infinite solution.
What are the approaches in Linear Programming?
- Geometric Approach
- graphical method
- feasible region and corner points (coordinate points) to determine the optimal solution - Algebraic Approach
-SIMPLEX method
-developed by George B. Dantzig in 1947
-utilized if there are more decision variables and problem constraints
What is the 1st step in formulating Linear Programming Models?
Read the problem carefully. If appropriate, organize the data into a table.
What is the 2nd step in formulating Linear Programming Models?
Determine and define the variables. These variables represent represent the unknown quantities whose values are what you want to find.
What is the 3rd step in formulating Linear Programming Models?
Formulate the objective function. This is what you want to minimize or maximize.