MT1 Flashcards

1
Q

Objective function coefficients

A

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2
Q

Optimal solution

A

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3
Q

Alternate optimal solutions

A

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4
Q

Decision variable

A

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5
Q

Constraints

A

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6
Q

Binding and non-binding constraints

A

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7
Q

Feasible region

A

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8
Q

Production possibility frontier

A

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9
Q

Isoprofit or equal profit lines

A

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10
Q

Redundant constraints

A

Don’t affect feasible region

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11
Q

Corner points

A

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12
Q

Non-negativity

A

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13
Q

Bounded region or solution

A

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14
Q

Unbounded region or solution

A

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15
Q

Problem formulation

A

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16
Q

Certainty

A

Proportionality

17
Q

Additivity

A

-

18
Q

Divisibility

A

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19
Q

Maximization and minimization

A

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20
Q

Surplus

A

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21
Q

Slack

A

-

22
Q

RHS

A

-

23
Q

LHS

A

-

24
Q

Constraint coefficients

A

-

25
Q

Grater than concept

A

Has to do with product/ obj function

26
Q

Less than function

A

Has to do with resources

27
Q

infeasibility

A

-

28
Q

Linearity

A

Deterministic models

29
Q

Sensitivity

A

-

30
Q

Shadow price

A

-

31
Q

Reduced cost

A

-

32
Q

Allowable increase and decrease

A

-

33
Q

100% Rule

A

Е. (Change/allowable change)

34
Q

Objective function

A

-