Linear Programming
Linear Programming
Objective Function
- This is an expression which shows the relationship between the variables in
the problem and the firm’s goal.
[2 Types of Constraints]
1. Structural Constraints
- a limit on the availability of resources it is also referred as “explicit constraints”
2. Non-negativity Constraints
- restricts all the variable to zero and positive solution also referred and implicit
constraint
LINEAR PROGRAMMING MODEL
Maximize = P = 1200x + 1600y -> Objective Function
Subject to : 3x + 2y ≤ 18
2x + 4y ≤ 10
X≤5
X ≥ 0 , y ≥ 0 - Non-negativity Constraint
Optimal Value
- The highest (for maximization problem) or lowest value (for maximization
problem)
Optimal Solution
- Is a combination of decision variable amounts that yield the best possible
value of the objectives function and satisfies all the constraints.
Notes:
(increase) minimization ≥ at least
(decrease) maximization ≤ at most