a) Write the optimization problem above as a linear program (b) Argue that the solution occurs at x ∗ = 1/2 (b1 + bm), the midrange of the data points

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter7: Nonlinear Optimization Models
Section: Chapter Questions
Problem 67P
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(a) Write the optimization problem above as a linear program

(b) Argue that the solution occurs at x ∗ = 1/2 (b1 + bm), the midrange of the data points

Let bị < b2 <...< bm be real numbers, and consider the optimization problem
min max x – bi .
Transcribed Image Text:Let bị < b2 <...< bm be real numbers, and consider the optimization problem min max x – bi .
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