Maximise/minimise Profit/loss Cost/revenue: Bounded vs. Unbounded Regions Type Meaning Optimal Solution Exists?
Maximise/minimise Profit/loss Cost/revenue: Bounded vs. Unbounded Regions Type Meaning Optimal Solution Exists?
Objective Function
• The linear function to maximise (profit) or minimise (cost).
• General form: Z = ax + by
• Keywords in questions: maximise/minimise, profit/loss, cost/revenue
Decision Variables
• Variables that decide output.
• Represent what to find.
• Example: Let x be chairs and y be tables produced.
Constraints
• Inequalities representing limited resources or conditions.
• Types:
○ Resource constraints (e.g., labor, materials)
○ Non-negativity constraints: x ≥ 0, y ≥ 0
Feasible Solution
• Any solution that satisfies all constraints, including non-negativity.
• Lies inside or on the boundary of the feasible region.
Feasible Region
• The intersection of all constraints.
• Graphically: Region of overlapping inequalities.
• Convex polygon in most standard LPs.
Infeasible LPP
• No solution satisfies all constraints simultaneously.
• Graph has no common region (intersection is null).
• Often due to conflicting constraints.
Optimal Solution
• A feasible solution where the objective function has the best (max/min) value.
• Always lies at a corner (vertex) of the feasible region (Fundamental Theorem of LP).
• If multiple corners give same value → Infinitely many optimal solutions.
9. Redundant Constraint
• A constraint that doesn't impact the feasible region.
• Graphically: Its removal doesn’t change the shape of the feasible region.