Part A: Linear Programming Flashcards
What is linear programming?
Linear programming is a mathematical method for finding optimal solutions to problems such as maximizing profit or minimizing costs.
What components are used in linear programming to define the problem?
An objective function and constraints, expressed as linear inequalities.
How are limitations on variables in linear programming expressed?
As linear inequalities, such as 𝑥≥10
What does the objective function in linear programming represent?
It represents the value (profit, time, cost) that we want to optimize.
Write the general form of an objective function.
𝑍=𝑐1𝑥1+𝑐2𝑥2+⋯+𝑐𝑛𝑥𝑥𝑛
Z=∑ n, i=1: ci xi
In the objective function 𝑍 what do 𝑥1 , 𝑥2 represent?
They are the decision variables of the objective value Z.
In the objective function, what do 𝑐1 , 𝑐2 represent
They are coefficients that show the impact of each decision variable.
Provide an example of an objective function for maximizing profit from selling two products.
Z=5x1 + 3x2 , where the profits are $5 and $3 per unit for products 𝑥1 and x2 respectively.
What is the goal when solving a maximization problem in linear programming?
To find the maximum value for Z
Describe the form of constraints in linear programming
Constraints are expressed as inequalities, such as 𝑥1≤100.000