1. Describe the relationship between extreme points, basic solutions, and basic feasible solutions in linear programs.

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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1. Describe the relationship between extreme points, basic solutions, and basic feasible solutions in linear
programs.
2. What is the economic meaning of shadow prices in linear programming?
3. If a standard form linear program has four variables and three constraints, how many basic solutions
does it have?
4. In a two-player zero-sum game, the optimal value of player 1 is vị, and the optimal value of player 2
is v2. What is the relationship between these two values?
Transcribed Image Text:1. Describe the relationship between extreme points, basic solutions, and basic feasible solutions in linear programs. 2. What is the economic meaning of shadow prices in linear programming? 3. If a standard form linear program has four variables and three constraints, how many basic solutions does it have? 4. In a two-player zero-sum game, the optimal value of player 1 is vị, and the optimal value of player 2 is v2. What is the relationship between these two values?
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