The document discusses linear programming problems (LPP), which aim to obtain optimal solutions for problems with constraints by using linear relationships between variables. LPP involves defining an objective function and constraints, and can be used to solve problems in areas like production, transportation, and portfolio selection. Examples are provided of solving LPP problems graphically to maximize and minimize objective functions subject to given constraints.
The document discusses linear programming problems (LPP), which aim to obtain optimal solutions for problems with constraints by using linear relationships between variables. LPP involves defining an objective function and constraints, and can be used to solve problems in areas like production, transportation, and portfolio selection. Examples are provided of solving LPP problems graphically to maximize and minimize objective functions subject to given constraints.
The document discusses linear programming problems (LPP), which aim to obtain optimal solutions for problems with constraints by using linear relationships between variables. LPP involves defining an objective function and constraints, and can be used to solve problems in areas like production, transportation, and portfolio selection. Examples are provided of solving LPP problems graphically to maximize and minimize objective functions subject to given constraints.
Assembly line balancing, • Product scheduling problem, Make or buy problems. • Management Applications: Portfolio selection problem, Media selection problem, Profit • planning & Transportation problem. • Miscellaneous Application: Diet problem, Agricultural problem, Flight scheduling problem, • Facilities location problem. Q1.Find solution using graphical method (Maximization) • MAX z = 40x1 + 35x2 • subject to • 2x1 + 3x2 <= 60 • 4x1 + 3x2 <= 96 • and x1, x2 >= 0 The maximum value of the objective function Z = 1000 occurs at extreme point (18, 8) Hence optimal solution to the given LPP problem is X1 = 18, X2 = 8 Q2.Find solution using graphical method (Minimization)
• MIN z = 40x1 + 24x2
subject to 20x1 + 50x2 >= 4800 80x1 + 50x2 >= 7200 and x1,x2 >= 0 The minimum value of the objective function Z = 3456 occurs at the extreme point (0,144). Hence the optimal solution to the given LPP is X1 = 0, X2 = 144