Bus Policy and Strategy

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Linear programming has nothing to do with computer programming. The use of the word “programming” here means “choosing a course of action.” Linear programming involves choosing a course of action when the mathematical model of the problem contains only linear functions.

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Bus Policy and StrategySlides byJohn LoucksSt. Edwards University 2008 Thomson South-Western. All Rights ReservedSlide 1Chapter 2 An Introduction to Linear Programming Slides for business policy and strategy Langston university Linear Programming Problem Problem Formulation A Simple Maximization Problem Graphical Solution Procedure Extreme Points and the Optimal Solution Computer Solutions A Simple Minimization Problem Special Cases 2008 Thomson South-Western. All Rights ReservedSlide 2Linear Programming Linear programming has nothing to do with computer programming. The use of the word programming here means choosing a course of action. Linear programming involves choosing a course of action when the mathematical model of the problem contains only linear functions. 2008 Thomson South-Western. All Rights ReservedSlide 3Linear Programming (LP) Problem The maximization or minimization of some quantity is the objective in all linear programming problems. All LP problems have constraints that limit the degree to which the objective can be pursued. A feasible solution satisfies all the problem's constraints. An optimal solution is a feasible solution that results in the largest possible objective function value when maximizing (or smallest when minimizing). A graphical solution method can be used to solve a linear program with two variables. 2008 Thomson Sou

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