Section 3-4 Objective: To solve certain applied problems using linear programming. Linear Programming.

Slides:



Advertisements
Similar presentations
Linear Programming Problem
Advertisements

Session II – Introduction to Linear Programming
Chapter 2: Modeling with Linear Programming & sensitivity analysis
5.2 Linear Programming in two dimensions: a geometric approach In this section, we will explore applications which utilize the graph of a system of linear.
Linear Inequalities and Linear Programming Chapter 5 Dr.Hayk Melikyan/ Department of Mathematics and CS/ Linear Programming in two dimensions:
Learning Objectives for Section 5.3
Chapter 4: Linear Programming Presented by Paul Moore.
Linear Programming Pre-Calc Section 3.4 Running a profitable business requires a careful balancing of resources (for example, peoples’ time, materials,
Managerial Decision Modeling with Spreadsheets
Ch 2. 6 – Solving Systems of Linear Inequalities & Ch 2
Linear Programming?!?! Sec Linear Programming In management science, it is often required to maximize or minimize a linear function called an objective.
B-1 Operations Management Linear Programming Module B.
Objectives: Set up a Linear Programming Problem Solve a Linear Programming Problem.
Linear Programming Example 2 Alternate Optimal Solutions.
An Introduction By Mandy Bakas Linear Programming.
Solving Linear Programming Problems Using Excel Ken S. Li Southeastern Louisiana University.
3-4 Linear Programming Warm Up Lesson Presentation Lesson Quiz
Linear Programming Operations Research – Engineering and Math Management Sciences – Business Goals for this section  Modeling situations in a linear environment.
Linear Programming Models: Graphical and Computer Methods
Introduction to Quantitative Business Methods (Do I REALLY Have to Know This Stuff?)
Determine if the given ordered pair is a solution of
Linear programming Lecture (4) and lecture (5). Recall An optimization problem is a decision problem in which we are choosing among several decisions.
Chapter 12 Section 12.1 The Geometry of Linear Programming.
Operations Management
Do the algebra required to find a simultaneous solutions to these two equations (from last class): 3x 1 + x 2  3 x 1 + 3x 2  5 1.
Copyright 2013, 2010, 2007, Pearson, Education, Inc. Section 7.6 Linear Programming.
Objective Vocabulary Solve linear programming problems.
Linear Programming. What is Linear Programming? Say you own a 500 square acre farm. On this farm you can grow wheat, barley, corn or some combination.
Solve problems by using linear programming.
 A concert promoter wants to book a rock group for a stadium concert. A ticket for admission to the stadium playing field will cost $125, and a ticket.
Opener. Notes: 3.4 Linear Programming Optimization  Many real-life problems involve a process called optimization.  This means finding a maximum or.
Linear Programming Introduction: Linear programming(LP) is a mathematical optimization technique. By “Optimization” technique we mean a method which attempts.
Linear Programming Problem. Definition A linear programming problem is the problem of optimizing (maximizing or minimizing) a linear function (a function.
Warm-Up 3.4 1) Solve the system. 2) Graph the solution.
5 minutes Warm-Up 1) Solve the system. 2) Graph the solution.
Linear Programming Advanced Math Topics Mrs. Mongold.
3.4 Linear Programming Rita Korsunsky. Example: Maximizing a Profit A small TV manufacturing company produces console and portable TV’s using three different.
Warm-up Solve each system of equations:
Linear Programming Ex1) Use the system of constraints below to maximize the objective function z = -0.4x + 3.2y. Corner Points.
December 4, 2015 Hanging with Harvard 4 L INEAR P ROGRAMMING.
Holt McDougal Algebra Linear Programming Linear programming is method of finding a maximum or minimum value of a function that satisfies a given.
Linear Programming Short-run decision making model –Optimizing technique –Purely mathematical Product prices and input prices fixed Multi-product production.
Managerial Economics Linear Programming Aalto University School of Science Department of Industrial Engineering and Management January 12 – 28, 2016 Dr.
Warm-upWarm-up Sketch the region bounded by the system of inequalities: 1) 2) Sketch the region bounded by the system of inequalities: 1) 2)
LINEAR PROGRAMMING 3.4 Learning goals represent constraints by equations or inequalities, and by systems of equations and/or inequalities, and interpret.
LINEAR PROGRAMMING MEANING:
© 2009 Prentice-Hall, Inc. 7 – 1 Decision Science Chapter 3 Linear Programming: Maximization and Minimization.
3.4 Linear Programming Objective:
Sullivan Algebra and Trigonometry: Section 12.9 Objectives of this Section Set Up a Linear Programming Problem Solve a Linear Programming Problem.
Linear programming Lecture (4) and lecture (5). Recall An optimization problem is a decision problem in which we are choosing among several decisions.
Precalculus Section 3.4 Solve problems using linear programming The inequalities that describe all the conditions of a problem are called constraints.
Engineering Economics (2+0)
October 18 and 19.
2.7 Linear Programming Objectives: Use linear programming procedures to solve applications. Recognize situations where exactly one solution to a linear.
Managerial Economics Linear Programming
A seminar talk on “SOLVING LINEAR PROGRAMMING PROBLEM BY GRAPHICAL METHOD” By S K Indrajitsingha M.Sc.
Linear Programming Dr. T. T. Kachwala.
Operations Management Linear Programming Module B
Math 1 Warm Up In the Practice Workbook… Practice 7-6 (p. 94)
Linear Programming Objectives: Set up a Linear Programming Problem
Do Now! Solve the system of equations Do all work on the notecard.
Objective Vocabulary Solve linear programming problems.
Factor as many polynomials as you can.
3-4 Linear Programming Warm Up Lesson Presentation Lesson Quiz
Factor as many polynomials as you can.
Chapter 7: Systems of Equations and Inequalities; Matrices
Copyright © 2014, 2010, 2007 Pearson Education, Inc.
Nature does nothing uselessly.
10.8 Linear Programming.
Graphical solution A Graphical Solution Procedure (LPs with 2 decision variables can be solved/viewed this way.) 1. Plot each constraint as an equation.
Presentation transcript:

Section 3-4 Objective: To solve certain applied problems using linear programming. Linear Programming

Introduction Often decisions are made based on data and are made based on certain constraints. –For example, when you decide on what cell phone wish to purchase you only have a finite amount of money, you must consider the cost of the phone and the cost of the monthly plan. –Your budget is a constraint on your decision making. –You have many cell phones to choose from, but you must choose a phone that is within your budget (constraint)

Introducti on If you ran your own pizza business you must use your resources as efficiently as possible. – Resources: Pizza Oven, Employees, Ingredients Ovens can only run for a finite amount of time Finite amount of employees Finite amount of ingredients Goal: maximize profit while working within your limits (constraints) Each of the above are constraints: a set of linear inequalities

Linear Programming – Example 1 Suppose a TV manufacturing company produces LCD and Plasma TV’s using three different machines, A, B, and C. The table below shows how many hours are required on each machine per day to produce a Plasma TV or a LCD TV. MachineLCD (x) Plasma (y) Hrs Available ABCABC 1 h 4 h 2 h 1 h 4 h x + 2y ≤ 16 Constraints: x + y ≤ 9 4x + 4y ≤ 24 x ≥ 0 y ≥ 0

Example 1 - Continued Goal: Maximize Profit – To maximize profit we have to work within our constraints (all five inequalities must be satisfied) –Recall: x + 2y ≤ 16 Constraints: x + y ≤ 9 4x + y ≤ 24 x ≥ 0 y ≥ 0

Example 1 - Continued x + 2y ≤ 16 Constraints: x + y ≤ 9 4x + y ≤ 24 x ≥ 0 y ≥ 0 (0,8) (16,0) (0,9) (9,0) (0,24) (6,0) 4x + y ≤ 24 x + 2y ≤ 16 x + y ≤ 9 Any point in this region (the common area) is called a feasible solution The set of these points is called the feasible region

Example 1 - Continued Maximizing Profit: Suppose the company makes $60 profit on each LCD TV and $40 profit on each Plasma TV. Question: how many LCD TV’s and Plasma TV’s should be produced each day to maximize profit? Profit = 60x + 40y How do we approach finding the maximum profit?

Example 1 - Continued (6,0) (5,4) (2,7) (0,8) 4x + y ≤ 24 x + y ≤ 9 x + 2y ≤ 16 Feasible Region Recall: Profit = 60x + 40y To find the maximum profit we could evaluate every point in the feasible region (all possible combinations of Plasma and LCD TVs) However, this would be VERY tedious Better Approach: 1.Plot the profit line 2.Find the points that give the greatest profit 60x + 40y Furthest point out in the feasible region (maximum) Profit = 60x + 40y Profit = 60(5) + 40(4) Profit = Profit = 460 (0,0) Note: the blue line is called the Profit Line.

Example 2 – Minimizing Cost See the example in the text on page 111

The Corner-Point Principle A maximum or minimum value of a linear expression P = Ax + By, if it exists, will occur at a corner point of the feasible region. – Note - the previous example: The maximum occurred at a corner point (5,4) The minimum occurred at a corner point (0,0)

History Linear programming arose as a mathematical model developed during WWII to plan expenditures and returns in order to reduce costs to the army and increases losses to the enemy. It was developed by George Dantzig (mathematician) It was kept secret until Postwar, many industries found its use in their daily planning.

Put very informally, LP is about trying to get the best outcome (e.g. maximum profit, least effort, etc) given some list of constraints (e.g. only working 30 hours a week, not doing anything illegal, etc), using a linear mathematical model. Overview:

Where is Linear Programming Used? Most extensively it is used in business and economic situations, but can also for engineering problems. Some industries that use linear programming models: –Transportation –Energy –Telecommunications –Manufacturing –It has proved useful in modeling diverse types of problems in planning, routing, scheduling, assignment, and design. Ex) Linear programming can be used to determine the best assignment of 70 people to 70 jobs

Homework P : 1-9 odd