Linear Programming - Model Formulation & Graphical Method

The present section serves the purpose of building your vocabulary of the terms frequently employed in the description of Linear Programming Models.

Linear Function

A linear function contains terms each of which is composed of only a single, continuous variable raised to (and only to) the power of 1.

Objective Function

It is a linear function of the decision variables expressing the objective of the decision-maker. The most typical forms of objective functions are: maximize f(x) or minimize f(x).

Decision Variables

These are economic or physical quantities whose numerical values indicate the solution of the linear programming problem. These variables are under the control of the decision-maker and could have an impact on the solution to the problem under consideration. The relationships among these variables should be linear.

Constraints

These are linear equations arising out of practical limitations. The mathematical forms of the constraints are:
f(x) ³ b or f(x) £ b or f(x) = b

Feasible Solution

Any non-negative solution which satisfies all the constraints is known as a feasible solution. The region comprising all feasible solutions is referred to as feasible region.

Optimal Solution

The solution where the objective function is maximized or minimized is known as optimal solution.

 


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