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Need help on Operation Research? This document provides in-depth discussion of the topics, codes on linear programming along with a list of common questions that may pop up in the exams.$4.49
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Logistics and Operation Research (IE4:LOGISTICSANDOPERATIONRESEARCH)
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Need help on Operation Research? This document provides in-depth discussion of the topics, codes on linear programming along with a list of common questions that may pop up in the exams.
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Course
Logistics and Operation Research (IE4:LOGISTICSANDOPERATIONRESEARCH)
Institution
Technische Hochschule Deggendorf
Book
An Introduction to Management Science: Quantitative Approaches to Decision Making
* List of common questions
* Detailed discussion of the problems along with relevant codes
* Hand-drawn explanations
*codes explained
* Youtube links to further assist understanding
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Logistics and Operation Research (IE4:LOGISTICSANDOPERATIONRESEARCH)
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Slide 1
Profit = Revenue - Cost
At Breakeven point, Revenue = Cost
So, Profit = R-C = 0
Linear programming involves choosing a course of action when the
mathematical model of the problem contains only linear functions. (no
powers of x; straight line equation)
e.g y = 2x +3 is a linear function
y = x2 is a nonlinear function
Our objective is to maximize or minimize some quantity
All linear programming problem involves some constraints
A feasible solution satisfies all the problem’s constraints
Prepared by Ridwan Abrar
, An optimal solution is a feasible solution that results in the largest
possible value of the objective function when maximising (or smallest
possible value when minimising)
A graphical solution method can be used to solve a linear program with
two variables.
Dealing with a linear programming model:
**Find out objective, constraint and decision variables (x,y, S)
Decision variable = unknown
Write objective in terms of decision variables (equation)
Write constraint in terms of decision variables (inequality)
Constraint includes inequalities
Par Inc.
Prepared by Ridwan Abrar
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