Review the key concepts, formulae, and examples before starting your quiz.
🔑Concepts
The Objective Function is a linear expression that represents the quantity to be maximized (such as profit) or minimized (such as cost). Visually, this can be imagined as a series of parallel lines called 'isoprofit' or 'isocost' lines that move across the coordinate plane as the value of changes.
Decision Variables are the unknown quantities and that we need to determine. In the graphical method, these are plotted on the horizontal (x-axis) and vertical (y-axis) of a Cartesian plane.
Constraints are linear inequalities like or that represent the restrictions on resources. Geometrically, each constraint defines a half-plane on the graph, divided by the boundary line .
Non-negativity Restrictions, expressed as and , ensure that the solution remains in the first quadrant of the coordinate system. This represents the physical reality that production quantities cannot be negative.
The Feasible Region is the common region determined by all constraints including non-negativity restrictions. Visually, it is the shaded area where all inequality half-planes intersect. If the region is enclosed by boundary lines on all sides, it is called a 'Bounded' region; if it extends infinitely in any direction, it is 'Unbounded'.
A Feasible Solution is any point that lies within or on the boundary of the feasible region. Any point outside this shaded intersection is called an Infeasible Solution as it violates at least one constraint.
The Corner Point Theorem states that the optimal value (maximum or minimum) of the objective function, if it exists, must occur at one of the vertices (corners) of the feasible region. Visually, these are the intersection points of the boundary lines forming the polygon.
Multiple Optimal Solutions occur when the objective function line is parallel to one of the boundary lines of the feasible region. In this case, every point on that boundary line segment (between two corner points) provides the same maximum or minimum value.
📐Formulae
General form of Objective Function:
General form of Linear Constraints: or
Non-negativity constraints:
Equation of a boundary line:
Slope-intercept form for plotting lines:
💡Examples
Problem 1:
Maximize subject to the constraints: , , and .
Solution:
Step 1: Convert inequalities to equations to find intercepts. For : When ; When . For : When ; When .
Step 2: Plot the lines and find the feasible region. Since both constraints are , the region is towards the origin. The non-negativity constraints limit the region to the first quadrant.
Step 3: Find the intersection point of and . Multiplying the first by 2 and the second by 5: Subtracting: Substitute : .
Step 4: Evaluate at corner points:
- At
- At
- At
- At
Maximum value of is at .
Explanation:
We first identify the boundary lines and shade the region satisfied by all inequalities. The feasible region is a quadrilateral with vertices and . We then test the objective function at each vertex to find the maximum value.
Problem 2:
Minimize subject to .
Solution:
Step 1: Find intercepts for boundary lines. Line 1: and . Line 2: and .
Step 2: Identify the Feasible Region. Since constraints are , the region is 'unbounded' and away from the origin (above the lines).
Step 3: Find the corner points of the unbounded region.
- Intersection of and the y-axis: (since is higher than ).
- Intersection of the two lines: (Line 1 multiplied by 2) Subtracting: . Substituting : . Corner point: .
- Intersection of and the x-axis: (since is further right than ).
Step 4: Evaluate at corner points:
- At
- At
- At
Minimum value of is at .
Explanation:
In this minimization problem with constraints, the feasible region is unbounded in the first quadrant. The corner points are and . After testing these points, we find the minimum value at .