What are corner points? What is their relevance to solving linear programming problems?

What will be an ideal response?


Corner points are the intersections of the constraints that form the feasible region. While all points in the feasible region are possible, an optimal solution will always be at a corner point. Therefore, one method of solving linear programming problems involves the identification and valuation of all corner points.

Business

You might also like to view...

Employees are likely to see an adaptive change as

A. highly threatening. B. moderately threatening. C. least threatening. D. significantly complex, costly, and uncertain. E. totally unacceptable.

Business

Knowledge workers are individuals valued for their ability to mitigate risk and implement critical human resource rules and regulations.

Answer the following statement true (T) or false (F)

Business

What might be considered to be a major drawback of employing an outsourcing strategy?

A. It reduces the company's risk exposure to changing technology and/or buyer preferences. B. It allows a company to concentrate on its core business, leverage its key resources and core competencies, and do even better what it already does best. C. It improves organizational flexibility and speeds time to market. D. It involves an activity that can be performed better or more cheaply by outside specialists. E. It can hollow out a firm's own capabilities and cause it to lose touch with activities and expertise that contribute fundamentally to the firm's competitiveness and market success.

Business

Which of the following statements about the withdrawal of funds from a traditional IRA is true?

A) Withdrawals of deductible contributions between the ages of 59.5 and 65 are subject to a tax penalty unless they are withdrawn because of specified circumstances such as death or long-term disability. B) Amounts attributable to nondeductible contributions are fully taxable as ordinary income when received. C) Withdrawals must begin no later than April 1 of the year following the calendar year in which an individual attains age 70.5. D) Withdrawals must be taken in the form of an annuity.

Business