MGOC10H3- Midterm Exam Guide - Comprehensive Notes for the exam ( 22 pages long!)
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Chapter 2 solving lp model graphical method & sensitivity analysis of constraints. Given optimal solution, can compute the slack for any constraints. Slack = right hand side left hand side. Given optimal solution can compute excess for any constraints. Excess = left hand side right hand side. Simplified version of m& d chemical example from lecture 01. A = gallons of product a produced, b = gallons of product b produced. A + b 350 (a & b req. ) A company produces two products using three machines. The price of each product, time each product takes to produce and amount of time available on each machine is given below. Formulate a lp model to determine the number of products 1 and 2 to produce to maximize total revenue. Let xi = # of product i to produce. 3x1 + 2x2 18 [mach 3 hrs] Queuing theory the study of waiting lines.