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Linear Programming: Model Formulation and Graphical Solution

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Linear Programming: Model Formulation and Graphical Solution

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Questions and Answers

In linear programming model formulation, what are numerical coefficients and constants used in the objective function and constraints referred to as?

Parameters (correct)

Resource requirements

Decision variables

Feasible solutions

What is the first step in the summary of model formulation steps in linear programming?

Formulate the constraints

Clearly define the decision variables (correct)

Construct the objective function

Maximize profits given labor and materials constraints

What is the objective of the maximization example provided in the LP Model Formulation section?

Minimize costs

Maximize labor constraints

Maximize profits (correct)

Maximize resources

In the context of feasible solutions, what does an infeasible solution violate?

Constraints Signup and view all the answers

What are the two brands of fertilizer mentioned in the LP Model Formulation?

Super-gro, Crop-quick Signup and view all the answers

In linear programming, what is the primary objective of business decisions?

Maximizing profit or minimizing costs Signup and view all the answers

What are the steps involved in the application of linear programming?

Identify, Formulate, Solve, Implement Signup and view all the answers

What are decision variables in a linear programming model?

Mathematical symbols representing levels of activity of a firm Signup and view all the answers

What does the objective function in linear programming describe?

An objective of the firm in terms of decision variables Signup and view all the answers

What does linear programming use to represent a firm's decisions?

Linear algebraic relationships Signup and view all the answers