Linear programming Essays & Research Papers

Best Linear programming Essays

  • Linear Programming - 5408 Words
    PROBLEM NUMBER 1 A farmer can plant up to 8 acres of land with wheat and barley. He can earn $5,000 for every acre he plants with wheat and $3,000 for every acre he plants with barley. His use of a necessary pesticide is limited by federal regulations to 10 gallons for his entire 8 acres. Wheat requires 2 gallons of pesticide for every acre planted and barley requires just 1 gallon per acre. What is the maximum profit he can make? SOLUTION TO PROBLEM NUMBER 1 let x = the number of acres of...
    5,408 Words | 26 Pages
  • Linear Programming - 1297 Words
    The development of linear programming has been ranked among the most important scientific advances of the mid 20th century. Its impact since the 1950’s has been extraordinary. Today it is a standard tool used by some companies (around 56%) of even moderate size. Linear programming uses a mathematical model to describe the problem of concern. Linear programming involves the planning of activities to obtain an optimal result, i.e., a result that reaches the specified goal best (according to the...
    1,297 Words | 4 Pages
  • Linear Programming - 372 Words
    Linear Programming History of linear programming goes back as far as 1940s. Main motivation for the need of linear programming goes back to the war time when they needed ways to solve many complex planning problems. The simplex method which is used to solve linear programming was developed by George B. Dantzig, in 1947. Dantzig, was one in who did a lot of work on linear programming, he was reconzied by several honours. Dantzig's discovery was through his personal contribution, during WWII when...
    372 Words | 2 Pages
  • Linear Programming - 2336 Words
    Assumptions of the LP Model Q: What are the assumptions for the LP model? A: Additivity, Proportionality, Determinism and Divisibility. Q: Are these the same assumptions as for the Transportation model? A: There is one extra – divisibility. Q: Are the definitions the same as for the Transportation model? A: Similar, but we change the definitions to reflect the change in model. Q: Are the defenses the same as for the Transportation model? A: No. Q: What is the...
    2,336 Words | 12 Pages
  • All Linear programming Essays

  • Linear Programming - 22881 Words
    Z00_REND1011_11_SE_MOD7 PP2.QXD 2/21/11 12:39 PM Page 1 7 MODULE Linear Programming: The Simplex Method LEARNING OBJECTIVES After completing this chapter, students will be able to: 1. Convert LP constraints to equalities with slack, surplus, and artificial variables. 2. Set up and solve LP problems with simplex tableaus. 3. Interpret the meaning of every number in a simplex tableau. 4. Recognize special cases such as infeasibility, unboundedness and degeneracy....
    22,881 Words | 261 Pages
  • Linear Programming - 4424 Words
    4,424 Words | 35 Pages
  • Linear Programming - 1683 Words
    RESEARCH PAPER ON LINEAR PROGRAMMING Vikas Vasam ID: 100-11-5919 Faculty: Prof. Dr Goran Trajkovski CMP 561: Algorithm Analysis VIRGINIA INTERNATIONAL UNIVERSITY Introduction: One of the section of mathematical programming is linear programming. Methods and linear programming models are widely used in the optimization of processes in all sectors of the economy: the development of the production program of the...
    1,683 Words | 7 Pages
  • Linear Programming - 11494 Words
    LP (2003) 1 OPERATIONS RESEARCH: 343 1. LINEAR PROGRAMMING 2. INTEGER PROGRAMMING 3. GAMES Books: Ð3Ñ IntroÞ to OR ÐF.Hillier & J. LiebermanÑ; Ð33Ñ OR ÐH. TahaÑ; Ð333Ñ IntroÞ to Mathematical Prog ÐF.Hillier & J. LiebermanÑ; Ð3@Ñ IntroÞ to OR ÐJ.Eckert & M. KupferschmidÑÞ LP (2003) 2 LINEAR PROGRAMMING (LP) LP is an optimal decision making tool in which the objective is a linear function and the constraints on the decision problem are linear equalities and inequalities. It is a...
    11,494 Words | 44 Pages
  • linear programming - 354 Words
    Spreadsheet Modeling and Excel Solver A mathematical model implemented in a spreadsheet is called a spreadsheet model. Major spreadsheet packages come with a built-in optimization tool called Solver. Now we demonstrate how to use Excel spreadsheet modeling and Solver to find the optimal solution of optimization problems. If the model has two variables, the graphical method can be used to solve the model. Very few real world problems involve only two variables. For problems with more than two...
    354 Words | 1 Page
  • Linear Programming - 1396 Words
    1,396 Words | 7 Pages
  • Linear Programming - 10813 Words
    An Introduction to Linear Programming Steven J. Miller∗ March 31, 2007 Mathematics Department Brown University 151 Thayer Street Providence, RI 02912 Abstract We describe Linear Programming, an important generalization of Linear Algebra. Linear Programming is used to successfully model numerous real world situations, ranging from scheduling airline routes to shipping oil from refineries to cities to finding inexpensive diets capable of meeting the minimum daily requirements. In many of these...
    10,813 Words | 37 Pages
  • Linear Programming - 8017 Words
     Linear Programming After completing this chapter you should be able to: identify a product which maximises the contribution per unit of scarce resource when there is only one scarce resource, and determine the optimum solution. formulate an LP model to solve for the optimal product mix which maximises profits, or for cost minimisation problems to minimise costs. solve 2 variable problems graphically. use a spreadsheet to solve LP problems with any number of variables....
    8,017 Words | 32 Pages
  • Linear Programming - 15778 Words
    Duality in Linear Programming 4 In the preceding chapter on sensitivity analysis, we saw that the shadow-price interpretation of the optimal simplex multipliers is a very useful concept. First, these shadow prices give us directly the marginal worth of an additional unit of any of the resources. Second, when an activity is ‘‘priced out’’ using these shadow prices, the opportunity cost of allocating resources to that activity relative to other activities is determined. Duality in linear...
    15,778 Words | 144 Pages
  • Linear Programming - 649 Words
    LINEAR PROGRAMMING INTRODUCTION: The term ‛programming′ means planning and it refers to a particular plan of action amongst several alternatives for maximizing profit or minimizing cost etc. Programming problems deal with determining optimal allocation of limited resources to meet the given objectives, such as cost, maximum profit, highest margin or least time, when resources have alternative uses. The term ‛linear’ means that all inequations or equations used and the function to be...
    649 Words | 4 Pages
  • Linear Programming: Class Notes
    Linear programming Introduction Formulign the objective Example: maximise the total weekly profit from factory A and B You need to be spefic and give units Define the individual terms Factory A profit = 300*x Factory B profit = 100*y Formulate constraints Physical limits Non-negativity constraint Implied relationship restrictions 30% of total has to be from factory A Bulidn linear programming models Ratio’s need to be changed from non-linear to a linear format. Take the...
    2,279 Words | 9 Pages
  • Linear Programming and Constraint - 4274 Words
    LINEAR PROGRAMMING II 1 Linear Programming II: Minimization © 2006 Samuel L. Baker Assignment 11 is on page 16. Introduction A minimization problem minimizes the value of the objective function rather than maximizing it. Minimization problems generally involve finding the least-cost way to meet a set of requirements. Classic example -- feeding farm animals. Animals need: 14 units of nutrient A, 12 units of nutrient B, and 18 units of nutrient C. Learning Objective 1:...
    4,274 Words | 27 Pages
  • Linear Programming and Objective Function
     Q.No. Question Options Answer 1. A negative dual price for a constraint in a minimization problem means 1. as the right-hand side increases, the objective function value will decrease. 1 2. as the right-hand side decreases, the objective function value will decrease. 3. as the right-hand side increases, the objective function value will increase. 4. as the right-hand side decreases, the objective function value will increase. 5. - 1....
    3,484 Words | 37 Pages
  • Optimization and Linear Programming - 1510 Words
    DQ 17 A common form of the product-mix linear programming seeks to find the quantities of items in the product mix that maximizes profit in the presence of limited resources. -True Linear programming helps operations managers make decisions necessary to allocate resources. -True In linear programming, the unit profit or unit contribution associated with one decision variable can be affected by the quantity made of that variable or of any other variable in the problem. -False What...
    1,510 Words | 8 Pages
  • What Is Linear Programming?
    • Jobs in Nigeria Find/post jobs in your area 100% free - Join the OLX community • Free Tools for Business The Tools Your Small Business Needs to Succeed. Free & Easy to Use! [pic]Linear programming is very important in various fields of life especially in managerial decision making. The reason is that it helps the company in minimizing the costs and maximizing the profits. Through linear programming managers can calculate the prices and the...
    2,347 Words | 10 Pages
  • Linear Programming and Capacity - 898 Words
    Filatoi Riuniti’s optimal outsourcing strategy report Prepared by Team 7 Anupam Priyadarshi, Ben Durwood, Chung-Hsuan Tung, Karen Boyd, Matt Beaumont. Executive Summary: Filatoi Riuniti is expanding to meet growing demand, and we have used outsourcing to keep up. Currently, we outsource...
    898 Words | 4 Pages
  • Linear Programming Concept Paper
    Linear Programming Concept Paper There are two types of linear programming: 1. Linear Programming- involves no more than 2 variables, linear programming problems can be structured to minimize costs as well as maximize profits. Due to the increasing complexity of business organizations, the role of the management executive as a decision maker is becoming more and more difficult. Linear programming is a useful technique to solve such problems. The necessary condition is that the data must...
    716 Words | 3 Pages
  • The Navy Linear Programming Application
    Linear Programming Application Transportation Problem The Navy has 9,000 pounds of material in Albany, Georgia that it wishes to ship to three installations: San Diego, Norfolk, and Pensacola. They require 4,000, 2,500, and 2,500 pounds, respectively. Government regulations require equal distribution of shipping among the three carriers. The shipping costs per pound for truck, railroad, and airplane transit are shown below. Formulate and solve a linear program to determine the...
    360 Words | 4 Pages
  • Linear Programming Chapter - 17962 Words
    sal11586_ch08.qxd 10/10/03 10:12 AM Page 336 Chapter 8 Linear Programming CHAPTER OUTLINE KEY TERMS Linear programming Production process Feasible region Optimal solution Objective function Inequality constraints Nonnegativity constraints Decision variables Binding constraints Slack variable Simplex method Primal problem Dual problem Shadow price Duality theorem Logistic management 8-1 Meaning, Assumptions, and Applications of Linear Programming • The Meaning and Assumptions of Linear...
    17,962 Words | 98 Pages
  • Decision Modeling/Linear Programming
    1. Discuss why and how you would use a liner programming model for a project of your choice, either from your own work or as a hypothetical situation. Be sure that you stae your situation first, before you develpp the LP model Linear programming is a modeling technique that is used to help managers make logical and informed decisions. All date and input factors are known with certainty. Linear program models are developed in three different steps: • Formulation • Solution •...
    924 Words | 4 Pages
  • Investment Strategy Linear Programming
    INVESTMENT STRATEGY REPORT Submitted to J. D. Williams, Inc. By Mizar Gonzalez Industrial Engineering Department Southern Polytechnic State university 404-519-2792 February 20, 2008 EXECUTIVE SUMMARY This report is our recommendation for an optimal investment strategy that would allow J. D. Williams, Inc. to maximize the annual yield of an investment of $800,000 in a diversified portfolio of funds. To find the investment that would result in the greatest annual...
    1,394 Words | 6 Pages
  • Linear Programming; Simplex Method
    1 Topics on "Operational Research" Mar. 2007, IST Linear Programming, an introduction MIGUEL A. S. CASQUILHO IST, Universidade Técnica de Lisboa, Ave. Rovisco Pais, IST; 1049-001 Lisboa, Portugal Linear Programming is presented at an introductory level, mainly from the book by Hillier and Lieberman [2005], abridged and adapted to suit the objectives of the “Operational Research” course. It begins with segments of its third chapter. Key words: linear programming; simplex method. I....
    4,392 Words | 17 Pages
  • Linear Programming Model Assignment Questions
    The homework problems for Module 4 are: 2-24, 34, 36, 38 (you only have to do part A for these problems. You do not have to do the part B graphical solutions) and 3-10, 12 (parts B and C for Problem 12), 28, 30. Please use Excel solver function. I posted an annotated solution to Problem 2-5. This problem is an examplar for both the chapter 2 and 3 problems. In this example I show how I typically set up a problem. First I set up the linear programming model and then develop a parallel...
    1,092 Words | 3 Pages
  • Capacity Planning Using Linear Programming
    Company R’s Strategic Capacity Planning Using Mixed Integer Linear Programming ABSTRACT Company R is experiencing 2.07 more days in producing a certain line of hotdogs. Thus, incurring 51.75% more cost of Php 5, 764. 62 per week. Through work sampling and time study, it was found out that the sealing section of the packaging line is the bottle neck activity with a standard processing time of 2.86 min/kg. Additional machine is needed. Employing strategic capacity planning through...
    3,869 Words | 15 Pages
  • Assignment: Operations Research and Linear Programming
    Q.1. What is a linear programming problem ? Discuss the steps and role of linear programming is solving management problems. Discuss and describe the role of liner programming in managerial decision-making bringing out limitations, if any. Ans : Linear Programming is a mathematical technique useful for allocation of scarce or limited resources to several competing activities on the basis of given criterion of optimality. The usefulness of linear programming as a tool for optimal...
    1,244 Words | 5 Pages
  • Linear Programming in Finance, Accounting and Economics
    Linear Programming in Finance, Accounting and Economics Sijia Lu 7289928683 Abstract This article is literatures review about five articles, which apply linear programming to Finance, accounting and economics. The mathematical method is found of crucial importance in those fields. The paper shows how theoretical inference in linear programming throws light upon realistic practice, and how empirical evidence supports those theories. Keywords: finance; accounting; economics; linear...
    3,087 Words | 12 Pages
  • Objective Function vs Constraints in Linear Programming
    Linear Programming Model in Operation Research study is usually mathematical type of model which contains set of equations that represent objective function and constraints. The keywords in this article are Objective Function and Constraints, according to Heizer & Render (2008) Objective Function are mathematical expression expressed in linear programming designed to maximizes or minimizes some quantity, for example profit can maximized while the cost might be reduced. The objective function is...
    435 Words | 2 Pages
  • Linear Programming : Basic Concepts. Solution to Solve Problem
    Chapter 2 Linear Programming: Basic Concepts Solution to Solved Problems 2.S1 Back Savers Production Problem Back Savers is a company that produces backpacks primarily for students. They are considering offering some combination of two different models—the Collegiate and the Mini. Both are made out of the same rip-resistant nylon fabric. Back Savers has a long-term contract with a supplier of the nylon and receives a 5000 square-foot shipment of the material each week. Each Collegiate...
    531 Words | 2 Pages
  • Q.1. What Is a Linear Programming Problem ? Discuss the Steps and Role of Linear Programming Is Solving Management Problems
    Linear Programming is a mathematical technique useful for allocation of scarce or limited resources to several competing activities on the basis of given criterion of optimality.The usefulness of linear programming as a tool for optimal decision-making on resource allocation, is based on its applicability to many diversified decision problems. The effective use and application requires, as on its applicability to many diversified decision problems. The effective use and application requires, as...
    269 Words | 1 Page
  • Marketing Strategy Optimization: Using linear programming to establish an optimal marketing mixture.
    Executive Summary: Marketing Strategy Optimization: Using linear programming to establish an optimal marketing mixture. Drew M. Stapleton, Joe B. Hanna and Dan Markussen, American Business Review 2(21)-pg 54-62 June 2003 In recent times marketing strategy is playing a vital role in a firm success. It optimizes the marketing resources and can improve the revenue generation and market share. Since the global market place is increasing, companies find optimizing the marketing effort even...
    397 Words | 2 Pages
  • Application of Linear Programming Technique for Least Cost Broiler Ration Formulation.
    APPLICATION OF LINEAR PROGRAMMING TECHNIQUE FOR LEAST COST BROILER RATION FORMULATION. 1Ahmed Idris and 2 Nasir M. Olalekan2 1 Department of Agric Engineering Technology 2 Department of Mathematics and Statistics, Federal Polytechnic Nasarawa, Nasarawa State. Nigeria. Email: ABSTRACT One of the major problems facing broiler production is high cost of feed and often non availability of feed ingredients. This study centered on economics use of local feedstuffs to...
    3,892 Words | 18 Pages
  • Linear Solution - 6098 Words
    CHAPTER 8 Linear Programming Applications Teaching Suggestions Teaching Suggestion 8.1: Importance of Formulating Large LP Problems. Since computers are used to solve virtually all business LP problems, the most important thing a student can do is to get experience in formulating a wide variety of problems. This chapter provides such a variety. Teaching Suggestion 8.2: Note on Production Scheduling Problems. The Greenberg Motor example in this chapter is largest large...
    6,098 Words | 39 Pages
  • Linear Optimization - 1790 Words
    Introduction Linear optimization is a mathematical method for determining a way to achieve the best outcome such as maximum profit or lowest cost in a given mathematical model for some list of requirements represented as linear relationships. Linear programming is a specific case of mathematical programming The Primary Purpose of the present investigation is to develop an interactive spreadsheet tool to aid in determining a maximum return function in 401K plan. In this paper, we discuss how...
    1,790 Words | 7 Pages
  • Mathematical Programming - 18473 Words
    Mathematical Programming: An Overview 1 Management science is characterized by a scientific approach to managerial decision making. It attempts to apply mathematical methods and the capabilities of modern computers to the difficult and unstructured problems confronting modern managers. It is a young and novel discipline. Although its roots can be traced back to problems posed by early civilizations, it was not until World War II that it became identified as a respectable and well defined body of...
    18,473 Words | 55 Pages
  • Integer Programming - 18761 Words
    Integer Programming 9 The linear-programming models that have been discussed thus far all have been continuous, in the sense that decision variables are allowed to be fractional. Often this is a realistic assumption. For instance, we might 3 easily produce 102 4 gallons of a divisible good such as wine. It also might be reasonable to accept a solution 1 giving an hourly production of automobiles at 58 2 if the model were based upon average hourly production, and the production had the...
    18,761 Words | 68 Pages
  • Linear Progra`Mming - 40935 Words
    3 Introduction to Linear Programming The development of linear programming has been ranked among the most important scientific advances of the mid-20th century, and we must agree with this assessment. Its impact since just 1950 has been extraordinary. Today it is a standard tool that has saved many thousands or millions of dollars for most companies or businesses of even moderate size in the various industrialized countries of the world; and its use in other sectors of society has been...
    40,935 Words | 272 Pages
  • Maximization of Profit in Manufacturing Industries Using Linear Programming Techniques: Geepee Nigeria Limited
    ISSN 2039‐2117 Mediterranean Journal of Social Sciences Vol. 2 (6) November 2011 Maximization of Profit in Manufacturing Industries Using Linear Programming Techniques: Geepee Nigeria Limited Fagoyinbo, I. S. * Akinbo, R. Y. * Ajibode, I. A.* * Department of Mathematics and Statistics, Federal Polytechnic, Ilaro,Ogun State, Nigeria ** Olaniran, Y.O.A ** Department of Marketing,Federal Polytechnic, Ilaro,Ogun State, Nigeria Abstract...
    2,471 Words | 17 Pages
  • Application of Integer Linear Programing
    Proceedings of the 2010 International Conference on Industrial Engineering and Operations Management Dhaka, Bangladesh, January 9 – 10, 2010 Application of Integer Linear Programming Model for Vendor Selection in a Two Stage Supply Chain A. John Rajan Department of Mechanical and Production Engineering Sathyabama University, Chennai, India K. Ganesh Senior consultant, Global Business Services, IBM India Private Limited, Mumbai, India K.V. Narayanan Controller of Examinations,...
    1,943 Words | 8 Pages
  • Integer Programming Problem Formulation
    ILP Problem Formulation Ajay Kr. Dhamija (N-1/MBA PT 2006-09) Abstract Integer linear programming is a very important class of problems, both algorithmically and combinatori- ally.Following are some of the problems in computer Science ,relevant to DRDO, where integer linear Pro- gramming can be e®ectively used to ¯nd optimum so- lutions. 1. Pattern Classi¯cation 2. Multi Class Data Classi¯cation 3. Image Contrast Enhancement Pattern Classi¯cation is being extensively used for...
    4,120 Words | 16 Pages
  • Scilab Optimization - 1166 Words
    Scilab Datasheet Optimization in Scilab Scilab provides a high-level matrix language and allows to define complex mathematical models and to easily connect to existing libraries. That is why optimization is an important and practical topic in Scilab, which provides tools to solve linear and nonlinear optimization problems by a large collection of tools. Overview of the industrial-grade solvers available in Scilab and the type of optimization problems which can be solved by Scilab....
    1,166 Words | 4 Pages
  • Quain Case Analysis - 1013 Words
    Cory Maillet Krisandra Horn Quain Lawn and Garden, Inc. Case Analysis After a false retirement Bill and Jeanne Quain realized their destined action in the plant and shrub business. The need for a high-quality commercial fertilizer prompted the innovation of a blended fertilizer called “Quain-Grow”. Working with chemists at Rutgers University, a mixture was constructed from four compounds, C-30, C-92, D-21 and E-11. The costs for these four compounds per pound is as follows: CHEMICAL...
    1,013 Words | 6 Pages
  • MATH%$) - 535 Words
    Week 9 Quiz 5: 1. In a _______ integer model, some solution values for decision variables are integer and others can be non-integer. a. total b. 0 – 1 c. mixed d. all of the above 2. In a total integer model, some solution values for decision variables are integer and others can be non-integer. TRUE/FALSE 3. In a problem involving capital budgeting applications, the 0-1 variables designate the acceptance or rejection of the different projects. TRUE/FALSE 4. If a...
    535 Words | 4 Pages
  • Chapter Summary of an Introduction to Management Science: Quantitative Approaches to Decision-Making
     Solutions to Case Problems Manual to Accompany An Introduction To Management Science Quantitative Approaches To Decision Making Twelfth Edition David R. Anderson University of Cincinnati Dennis J. Sweeney University of Cincinnati Thomas A. Williams Rochester Institute of Technology R. Kipp Martin University of Chicago South-Western Cincinnati, Ohio Contents Preface Chapter 1: Introduction ♦ Scheduling...
    4,205 Words | 63 Pages
  • Payoff for matrix games - 449 Words
    Interval programming models for matrix games with interval payoffs By Timothy Ford February 9, 2014 Well to summarize this great article about matrix games is something that took me a while to understand a little bit. “Deng-Feng Li said, a way to solve a matrix game you have to relate to concept of solutions.” “Mr. Li also believe that matrix games have many successful applications especially in competitive decision systems. “ Mr. Li had develop a way to frequently use factors appearing...
    449 Words | 2 Pages
  • An Introduction to Management Science 12th Edition Anderson Manual
    Solutions to Case Problems Manual to Accompany An Introduction To Management Science Quantitative Approaches To Decision Making Twelfth Edition David R. Anderson University of Cincinnati Dennis J. Sweeney University of Cincinnati Thomas A. Williams Rochester Institute of Technology R. Kipp Martin University of Chicago South-Western Cincinnati, Ohio Contents Preface Chapter 1: Introduction ♦ Scheduling a Golf League Chapter 2: An Introduction to Linear Programming ♦...
    5,637 Words | 20 Pages
  • Intro to Management Science Ch 4 Solutions
    Chapter 4 Linear Programming Applications in Marketing, Finance and Operations Management Learning Objectives 1. Learn about applications of linear programming that have been encountered in practice. 2. Develop an appreciation for the diversity of problems that can be modeled as linear programs. 3. Obtain practice and experience in formulating realistic linear programming models. 4. Understand linear programming applications such as:...
    4,744 Words | 28 Pages
  • Qm Chapter 6 Test Bank
    Introduction to Management Science, 10e (Taylor) Chapter 6 Transportation, Transshipment, and Assignment Problems 1) In a transportation problem, items are allocated from sources to destinations at a minimum cost. Answer: TRUE Diff: 1 Page Ref: 227 Main Heading: The Transportation Model Key words: transportation problem 2) In a transportation problem, items are allocated from sources to destinations at a maximum value. Answer: FALSE Diff: 1 Page Ref: 227 Main Heading: The...
    5,315 Words | 28 Pages
  • MAT540 - Quiz 5 - 821 Words
    Quantitative Methods: MAT540 Quiz 5 • Question 1 If we are solving a 0-1 integer programming problem, the constraint x1 ≤ x2 is a conditional constraint. Answer Selected Answer: True Correct Answer: True • Question 2 If we are solving a 0-1 integer programming problem with three decision variables, the constraint x1 + x2 + x3 ≤ 3 is a mutually exclusive constraint. Answer Selected Answer: False Correct Answer: False • Question 3 If we...
    821 Words | 6 Pages
  • Production and Operations Management - 1710 Words
    Production & Operations Management–Homework 1 for Section 4 Due Tuesday October 16, 2012 1.1 Eastman publishing Company is considering publishing a paperback textbook on spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and production setup is estimated to be $80,000. Variable production and material costs are estimated to be $3 per book. Demand over the life of the book is estimated to be 4,000 copies. The publisher plans to sell the text to...
    1,710 Words | 5 Pages
  • Interior point method - 5498 Words
    () SIAM J. OPTIMIZATION Downloaded 02/21/14 to Redistribution subject to SIAM license or copyright; see Vol. 4, No. 1, pp. 208-227, February 1994 1994 Society for Industrial and Applied Mathematics 012 ON THE CONVERGENCE OF A CLASS OF INFEASIBLE INTERIOR-POINT METHODS FOR THE HORIZONTAL LINEAR COMPLEMENTARITY PROBLEM* YIN ZHANGt Abstract. Interior-point methods require strictly feasible points as starting points. In...
    5,498 Words | 37 Pages
  • Julia's Food Booth - 1113 Words
    A. Formulate a linear programming model for Julia that will help you to advise her if she should lease the booth. Let, X1 =No. of pizza slices, X2 =No. of hot dogs, X3 = No. of barbeque sandwiches * Objective function co-efficient: The objective is to maximize total profit. Profit is calculated for each variable by subtracting cost from the selling price. For Pizza slice, Cost/slice=$4.5/6=$0.75 | X1 | X2 | X3 | SP | $1.50 | $1.60 | $2.25 | -Cost | 0.75 | $0.50 | $1.00 |...
    1,113 Words | 4 Pages
  • Mat 540 - 375 Words
    Final Examination Math 540 Quantitative Methods Good luck on the exam. I hope you have enjoyed the course. Dr. West Multiple Choice (2 points each) (Select 8 – drop 1) ______1) For your project, what one way will not possibly generate increased profit? a) Increase your building space or lot size. b) Decrease the money paid to employees. c) Refinance the loan at a lower rate. d) Charge more for...
    375 Words | 3 Pages
  • Mat 540 Week 9 Discussion
    Explain how the applications of integer programming differ from those of linear programming. Integer programming is concerned with optimization problems in which some of the variables are required to take on discrete values. Rather than allow a variable to assume all real values in a given range, only predetermined discrete values within the range are permitted. In most cases, these values are the integers, giving rise to the name of this class of models. Models with integer variables are very...
    374 Words | 1 Page
  • Resource Allocation Problem - 1346 Words
    Resource Allocation Problem Statement The type of problem most often identified with the application of linear program is the problem of distributing scarce resources among alternative activities. The Product Mix problem is a special case. In this example, we consider a manufacturing facility that produces five different products using four machines. The scarce resources are the times available on the machines and the alternative activities are the individual production volumes. The...
    1,346 Words | 4 Pages
  • Neha - 283 Words Operation Research Code: IT504D Contact: 3L + 1T Credits: 4 Module I Linear Programming Problems (LPP): Basic LPP and Applications; Various Components of LP Problem Formulation. Solution of Linear Programming Problems: Solution of LPP: Using Simultaneous Equations and Graphical Method; Definitions: Feasible Solution, Basic and non-basic Variables, Basic Feasible Solution, Degenerate and Nondegenerate Solution, Convex set and explanation with examples. [5L] Solution of LPP by...
    283 Words | 1 Page
  • Mid Term Exams - 1230 Words
    Current Location MAT540084GA063-1118-001 Week 8 Review Test Submission: Quiz #4 Menu Management Options Expand All Collapse All MAT540084GA063-1118-001 Course Home Student Center Email Gradebook Assignment Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Review Test Submission: Quiz #4 Content User | Tammi Alise Banks | Course | Quantitative Methods | Test | Quiz #4 | Started | 11/29/11 10:05 PM | Submitted | 11/29/11 11:04 PM |...
    1,230 Words | 7 Pages
  • Co370 Midterm - 3760 Words
    UNIVERSITY OF WATERLOO CO370/CM443: Deterministic OR Models Midterm Examination – FALL TERM 2011 Thursday, October 20, 2011, 7-9 PM (conflict time 4:45-6:45 PM) CLOSED BOOK Surname: First Name: Signature: ID#: INSTRUCTIONS: 1. Write your name and Student ID# in the blanks above. 2. There are five questions. Some questions may be longer or more difficult than others. Read all the questions first and budget your time appropriately for each question. 3. Answer each question in your solution booklet....
    3,760 Words | 11 Pages
  • Simplex Method - 1192 Words
    Simplex Method Paper Simplex Method Paper Many people may be wondering exactly what the simplex method is. The simplex method definition is a method for solving linear programming problems. According to Barnett, Byleen, and Karl (2011) the simplex method is used routinely on applied problems involving thousands of variables and problem constraints. George B. Dantzig developed the simplex method in 1947. In this paper the topic of discussion includes how to solve a simplex method problem...
    1,192 Words | 4 Pages
    CLCIK HERE TO DOWNLOAD ECO 550 FINAL EXAM 1. Which of the following could be a linear programming objective function? 2. Which of the following could not be a linear programming problem constraint? 3. Types of integer programming models are _____________. 4. The production manager for Beer etc. produces 2 kinds of beer: light (L) and dark (D). Two resources used to produce beer are malt and wheat. He can obtain at most 4800 oz of malt per week and at most 3200 oz of wheat per week...
    1,177 Words | 4 Pages
  • Mgmt 650 - 477 Words
    Brittany Asay MGMT 650 Chapters 3 & 4 Homework Problems May 14, 2013 Chapter 3: 13. Refer to the computer solution of Problem 12 in Figure 3.17. a. Identify the range of optimality for each objective function coefficient. E: 47.5-75 S: 87-126 D: there is no lower limit until 159 b. Suppose the profit for the economy model is increased by $6 per unit, the profit for the standard model is decreased by $2 per unit, and the profit for the deluxe model is increased by $4 per unit. What...
    477 Words | 3 Pages
  • Sensitivity Analysis - 1326 Words
    SENSITIVITY ANALYSIS The solution obtained by simplex or graphical method of LP is based on deterministic assumptions i.e. we assume complete certainty in the data and the relationships of a problem – namely prices are fixed, resources known, time needed to produce a unit exactly etc. However in the real world, conditions are seldom static i.e. they are dynamic. How can such discrepancy be handled? For example if a firm realizes that profit per unit is not Rs 5 as estimated but instead...
    1,326 Words | 5 Pages
  • Sensitivity Analysis - 4855 Words
    Linear Programming Notes VII Sensitivity Analysis 1 Introduction When you use a mathematical model to describe reality you must make approximations. The world is more complicated than the kinds of optimization problems that we are able to solve. Linearity assumptions usually are significant approximations. Another important approximation comes because you cannot be sure of the data that you put into the model. Your knowledge of the relevant technology may be imprecise, forcing you to...
    4,855 Words | 16 Pages
  • Lp Free Chapter 6 Tmh
    6 Linear Programming SUPPLEMENT OUTLINE Introduction, 6S-2 Solving LP Models Using Excel, 6S-17 SUPPLEMENT TO CHAPTER LEARNING OBJECTIVES Linear Programming Model, 6S-2 Formulating Some Other Types of Constraints, 6S-3 Sensitivity Analysis, 6S-19 Objective Function Coefficient Changes, 6S-20 Changes in the Right-Hand Side (RHS) Value of a Constraint, 6S-21 After completing this supplement, you should be able to: 1 Describe the type of problem Graphical Solution Method,...
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  • Quiz 4 - 1484 Words
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