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Topic 1 Revision - Coggle Diagram
Topic 1 Revision
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Formulating LP Problems
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4 steps
- Identify the objective and constraints
- Define the decision variables
- Use the objective variables to write mathematical expressions for the objective function and the constraints
- Completely understand the managerial problem being faced
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Two or more products are produced using limited resources such as personnel, machines and raw materials
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Determine how many units of each product it should produced so as to maximize overall profit with limited resources
4 special LP case
Unboundedness
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one or more solutions variables, and the profit, can be infinitely large without violating any constraints
in a graphical solutions, the feasible region will be open ended(infinitely)
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Introduction
Broader field of mathematical programming with a sense of modelling and solving the problem mathematically
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