Week 3 - Linear Programming Flashcards

1
Q

What is Linear Programming?

A

An optimisation technique used by businesses to make business decisions.

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2
Q

When does linear programming apply to problems?

A
  • Objectives and constraints are linear.
  • Variables are continuous.
  • Deterministic problem (no randomness).
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3
Q

What are the 3 steps to completing a Linear Programme for 2 variables?

A
  1. Define the variables (Standard desks and Compact desks).
  2. Write the objective in terms of variables. (Maximise profit: £20s+£10c).
  3. Write the constraints in terms of the variables. (Assembly = 4hourss+3hoursc) (Finishing = 8hourss+2c)
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4
Q

What is the process for plotting constrain lines on a graph?

A
  1. Plot the constraint when one of the variables is equal to 0.
  2. Plot the other constraint when the other variable is equal to 0.
  3. Draw line between points.
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5
Q

How do you find the gradient of a line from the constraint function?

A

Assembly:
4s+3c = 120

= -4/3

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6
Q

What makes a constraint binding?

A

A constraint is binding if the optimal solution lies on the constraint line.

A binding constraint is a variable that is used up completely with no room to spare.

The constraint has been completely used up.

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7
Q

What makes a constraint non-binding?

A

A constraint is non-binding if the optimal solution does not lie on the constraint line.

  • Not all of it has been used up.
  • Doesn’t impact upon the production limit.
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8
Q

What does ‘P.E.R.T’ stand for?

A

Program Evaluation and Review Techniques

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