Which of the following are the main parts of a linear programming? maximization and minimization objective function and constraints explicit and implicit constraints optimum and feasible solution
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Which of the following are the main parts of a linear programming?
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maximization and minimization
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objective function and constraints
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explicit and implicit constraints
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optimum and feasible solution
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- In problems involving maximization and minimization, what is the objective function? States intended outcome in equation form Incorporates constraint of maximum budget Lists set of potential restrictions on the solution Cites constraints to ensure objectivityYou are to set up a linear programLinear Programming is a special and versatile technique which can be applied to a variety of management problems viz. True or Falls
- What are the benefits of linear programming models ?Write down the assumption of linear programming problems?Which of the following is a property of all linear programming problems? alternate courses of action to choose from B) minimization of some objectives a computer program usage of graphs in the solution
- Please explain constraints for the solver and the total production and hiring and firing costsFor the remaining questions, consider the following problem description: An oil company is considering exploring new well sites S₁, S2, ..., S10 with respective costs C1, C2, C10. And in particular they want to find the least-cost selection of 5 out of the 10 possible sites. The binary decision variables x₁,x2,..., X10 denote the decision to explore the corresponding site.What is the algebraic formulation for this question, including objective function and constraints
- To graduate from Pace University with a major in operations research (OR), a student must complete at least two math courses, at least two OR courses, and at least two computer courses. Some courses can be used to fulfill more than one requirement: Calculus can fulfill the math requirement Operations Research can fulfill the math and OR requirements Data Structures can fulfill the computer and math requirements Business Statistics can fulfill the math and OR requirements Computer Simulation can fulfill the OR and computer requirements Introduction to Computer Programming can fulfill the computer requirement Forecasting can fulfill the OR and math requirements. Complete this template (show all formulas) and use Solver to minimize the number of courses needed to satisfy the major requirements (there could be multiple optimal solutions). Please also paste any Solver window used as well - thanks! I will also attach a screenshot of the excel template for convinience and to help replicate.…To graduate from Pace University with a major in operations research (OR), a student must complete at least two math courses, at least two OR courses, and at least two computer courses. Some courses can be used to fulfill more than one requirement: Calculus can fulfill the math requirement Operations Research can fulfill the math and OR requirements Data Structures can fulfill the computer and math requirements Business Statistics can fulfill the math and OR requirements Computer Simulation can fulfill the OR and computer requirements Introduction to Computer Programming can fulfill the computer requirement Forecasting can fulfill the OR and math requirements. Complete this template (show all formulas) and use Solver to minimize the number of courses needed to satisfy the major requirements (there could be multiple optimal solutions). Please also paste any Solver window used as well - thanks! I will also attach a screenshot of the excel template for convinience and to help replicate.What is the key assumptions of linear programming?