Create your own original linear programming problem
Create your own original Linear Programming problem with a minimum of two variables and two constraints. Your problem should be presented in paragraph form and reflected in a LP equation, showing the objective function and the constraints.
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When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may actually be a good thing, by using the laws of supply and demand to explain your answer.
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Then, respond to the following questions: 1. How does the company produce beautifully designed postcards so affordable? 2. How has Modern Postcard managed their operations and assets so effectively?
The linear program Max 3X1 + 2X2 is solved subject to the constraints i) X1 + X2 =<10 ii) 3X1 + X2 =< 24 iii) X1 + 2X2 =< 16 and iv) non-negativity for both X1 and X2. Which of the following statements is true?
Help the computer manufacturer formulate and solve a linear programming spreadsheet model to find the production schedule that minimizes total cost over the given planning horizon.
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