Chapter # 7 Linear prog
Chapter # 7 Linear prog
LINEAR PROGRAMMING
1. LINEAR INEQUALITIES
An equation defines a relationship where two expressions are equal to each other. An
equation solves to give a value of a variable.
The variables used in linear inequalities are real numbers.
An inequality defines a relationship where one expression is greater than or less than
another.
x > y Means that x is greater than y
x ≥ y Means that x is greater than or equal to y, or x is not less than y
x < y Means that x is less than y
x ≤ y Means that x is less than or equal to y, or x is not more than y
A linear inequality can be solved in a way similar to that used to solve equations. An
inequality solves to give a value of a variable at the boundary of the inequality. A
value could be one side of this variable but not the other.
2. Objective function:
A function which is to be maximized or minimized is called objective function
Revenue maximization
Profit maximization
Production maximization
Cost minimization
3. Optimal solution:
The feasible solution which maximize or minimizes the objective function is called optimal
solution.
5. Linear programming
o Optimal allocation of scarce competing resources.
o Linear programming is a mathematical method for determining a way to
achieve the best outcome (such as maximum profit or lowest cost) subject to
a number of limiting factors (constraints).
o A linear programming problem involves maximizing or minimizing a linear
function (the objective function) subject to linear constraints.
Profit maximization
Cost minimization
Resource allocation
o What constitutes the best outcome depends on the objective. The equation
constructed to represent the best outcome is known as the objective function.
8. Feasible region
The feasible area for a solution to the problem is shown as the shaded area ABCD.
There are unlimited/infinite solutions in feasible region.
Combinations of values for x and y within this area can be achieved within the limits of the
constraints. Combinations of values of x and y outside this area are not possible, given the
constraints that exist.
To solve the linear programming problem, we now need to identify the feasible combination
of values for x and y (the combination of x and y within the feasible area) that maximises the
objective function