Exam 7: Linear Programming Models: Graphical and Computer Methods

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Solve the following linear programming problem using the corner point method: Solve the following linear programming problem using the corner point method:

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A company can decide how many additional labor hours to acquire for a given week.Subcontractor workers will only work a maximum of 20 hours a week.The company must produce at least 200 units of product A,300 units of product B,and 400 units of product C.In 1 hour of work,worker 1 can produce 15 units of product A,10 units of product B,and 30 units of product C.Worker 2 can produce 5 units of product A,20 units of product B,and 35 units of product C.Worker 3 can produce 20 units of product A,15 units of product B,and 25 units of product C.Worker 1 demands a salary of $50/hr,worker 2 demands a salary of $40/hr,and worker 3 demands a salary of $45/hr.The company must choose how many hours they should contract with each worker to meet their production requirements and minimize labor cost. (a)Formulate this as a linear programming problem. (b)Find the optimal solution.

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The coefficients of the variables in the constraint equations that represent the amount of resources needed to produce one unit of the variable are called

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Consider the following linear programming problem: Consider the following linear programming problem:   This is a special case of a linear programming problem in which This is a special case of a linear programming problem in which

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The solution to a linear programming problem must always lie on a constraint.

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Two models of a product - Regular (X)and Deluxe (Y)- are produced by a company.A linear programming model is used to determine the production schedule.The formulation is as follows: Two models of a product - Regular (X)and Deluxe (Y)- are produced by a company.A linear programming model is used to determine the production schedule.The formulation is as follows:   The optimal solution is X = 100,Y = 0. How many units of the regular model would be produced based on this solution? The optimal solution is X = 100,Y = 0. How many units of the regular model would be produced based on this solution?

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Management resources that need control include machinery usage,labor volume,money spent,time used,warehouse space used,and material usage.

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An objective function is necessary in a maximization problem but is not required in a minimization problem.

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Any time that we have an isoprofit line that is parallel to a constraint,we have the possibility of multiple solutions.

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Sensitivity analysis enables us to look at the effects of changing the coefficients in the objective function,one at a time.

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What is the increase in the objective value if 2 units of additive is added?

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A feasible solution to a linear programming problem

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Solve the following linear programming problem using the corner point method: Solve the following linear programming problem using the corner point method:

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The term slack is associated with ≥ constraints.

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Which of the following is not acceptable as a constraint in a linear programming problem (minimization)? Which of the following is not acceptable as a constraint in a linear programming problem (minimization)?

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Consider the following linear programming problem: Consider the following linear programming problem:   The maximum possible value for the objective function is The maximum possible value for the objective function is

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The addition of a redundant constraint lowers the isoprofit line.

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In a maximization problem,when one or more of the solution variables and the profit can be made infinitely large without violating any constraints,the linear program has

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A widely used mathematical programming technique designed to help managers and decision making relative to resource allocation is called

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A furniture company is producing two types of furniture.Product A requires 8 board feet of wood and 2 lbs of wicker.Product B requires 6 board feet of wood and 6 lbs of wicker.There are 2000 board feet of wood available for product and 1000 lbs of wicker.Product A earns a profit margin of $30 a unit and Product B earns a profit margin of $40 a unit.Formulate the problem as a linear program.

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