Linear programming is a mathematical modeling technique used to maximize or minimize a linear function under various constraints, beneficial in business planning and industrial engineering. It involves identifying an objective function and constraints, which can be solved graphically, as illustrated by an example involving ticket sales for an airline. The document outlines the process of defining the objective function and constraints necessary for solving linear programming problems.
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Linear Programming
Linear programming is a mathematical modeling technique used to maximize or minimize a linear function under various constraints, beneficial in business planning and industrial engineering. It involves identifying an objective function and constraints, which can be solved graphically, as illustrated by an example involving ticket sales for an airline. The document outlines the process of defining the objective function and constraints necessary for solving linear programming problems.
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LINEAR
PROGRAMMING Prof. Ricardo B. Deri LINEAR PROGRAMMING GRAPHICAL METHOD LINEAR PROGRAMMING, defined
◦Linear programming, mathematical modeling
technique in which a linear function is maximized or minimized when subjected to various constraints. This technique has been useful for guiding quantitative decisions in business planning, in industrial engineering, and—to a lesser extent—in the social and physical sciences. Why is linear programming important?
When you have a problem that involves a variety of
resource constraints, linear programming can generate the best possible solution. Whether it's maximizing things like profit or space, or minimizing factors like cost and waste, using this tool is a quick and efficient way to structure the problem, and find a solution. Solving Linear Programming Problems Graphically A linear programming problem involves constraints that contain inequalities. An inequality is denoted with familiar symbols, <, >, ≤≤, and ≥≥. Due to difficulties with strict inequalities (< and >), we will only focus on≤≤ and≥≥. In order to have a linear programming problem, we must have: Inequality constraints An objective function, that is, a function whose value we either want to be as large as possible (want to maximize it) or as small as possible (want to minimize it). An airline offers coach and first-class tickets. For the airline to be profitable, it must sell a minimum of 25 first-class tickets and a minimum of 40 coach tickets. The company makes a profit of $225 for each coach ticket and $200 for each first-class ticket. At most, the plane has a capacity of 150 travelers. How many of each ticket should be sold in order to maximize profits? Solution The first step is to identify the unknown quantities. We are asked to find the number of each ticket that should be sold. Since there are coach and first-class tickets, we identify those as the unknowns. Let, x = # of coach tickets y = # of first-class tickets Next, we need to identify the objective function. The question often helps us identify the objective function. Since the goal is the maximize profits, our objective is identified. Profit for coach tickets is $225. If x coach tickets are sold, the total profit for these tickets is 225x. Profit for first-class tickets is $200. Similarly, if y first class tickets are sold, the total profit for these tickets is 200y. The total profit, P, is P = 225x + 200y We want to make the value of as large as possible, provided the constraints are met. In this case, we have the following constraints: Sell at least 25 first-class tickets Sell at least 40 coach tickets No more than 150 tickets can be sold (no more than 150 people can fit on the plane) We need to quantify these. At least 25 first-class tickets means that 25 or more should be sold. That is, y ≥≥ 25 At least 40 coach tickets means that 40 or more should be sold. That is, x ≥≥ 40 The sum of first-class and coach tickets should be 150 or fewer. That is x + y ≤≤ 150 Thus, the objective function along with the three mathematical constraints is: Objective Function: P = 225x + 200y Constraints: y ≥≥ 25; x ≥≥ 40; x + y ≤≤ 150 We will work to think about these constraints graphically and return to the objective function afterwards. We will thus deal with the following graph: Note that we are only interested in the first quadrant, since we cannot have negative tickets. We will first plot each of the inequalities as equations, and then worry about the inequality signs. That is, first plot, x= 25 y = 40 x + y = 150 The first two equations are horizontal and vertical lines, respectively. To plot x + y= 150, it is preferable to find the horizontal and vertical intercepts. To find the vertical intercept, we let x = 0: y= 150 Giving us the point (0,150) To find the horizontal intercept, we let y = 0: x = 150
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