Identify and briefly describe the five main components of a linear programming problem
Objective function. The objective function is a mathematical formulation of the criterion by which all decisions should be evaluated.
Decision variables. Decision variables are the parameters that can be changed by the decision maker to achieve a higher or lower value of the objective function.
Constraints. Constraints are restrictions placed on the decision scenario.
Linearity. When formulating linear programming problems, all mathematical equations or inequalities are represented as straight lines.
Nonnegativity. Finally, each decision variable within a linear programming formulation is assumed to take only nonnegative values, although this is not essential.
You might also like to view...
Which of the following is an element of the interpersonal communication model?
A. Aggressive service B. Noise C. Negative communication D. Conflict
Which of the following are tax deductible under U.S. tax law?
a. interest payments to bondholders b. preferred stock dividends c. common stock dividends d. all of the above
An effective persuasive appeal includes a central selling point that is woven throughout the entire message
Indicate whether the statement is true or false
If a landlord fails to make timely repairs the tenant may be subject to "constructive eviction."
a. True b. False Indicate whether the statement is true or false