Concept explainers
Fill the blanks with the appropriate word for the statement: the function that gives minimized and maximized quantity.
Answer to Problem 3E
The objective function of linear programming gives the quantity to be maximized or minimized.
Explanation of Solution
An optimization is the process of designing of the objective function to maximize efficiency and minimize cost of the production. This is the iterative process of till a satisfactory or optimum solution found.
Some of the tools of optimization are mixed integer linear programming, linear programming and quadratic programming.
Linear programming
Linear programming method is one of the optimization methods that maximize or minimize linear function known as objective function subjected to various constraints. This method is used in many of the business and industrial applications to maximize profit or efficiency or to minimize cost of the product.
Thus, the objective function of linear programming gives the quantity to be maximized or minimized.
Chapter 7 Solutions
EBK PRECALCULUS W/LIMITS
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning