Tips on Setting up Linear Programing Problems

Tips on Setting up Linear Programing Problems -...

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Unformatted text preview: UNC-Wilmington ECN 321 Department of Economics and Finance Dr. Chris Dumas Tips on Setting Up Linear Programming Problems When you are studying the Linear Programming example problems, try first to set them up without looking at the answers, then look at the answers. You need to practice setting up the problems, translating the description of a problem "in words" to a description of a problem "in equations." The first step is usually trying to pin-down which things are the choice variables. Sometimes the information that allows you to determine the choice variables is located at the beginning of the problem, sometimes in the middle, and sometimes at the end. Also, be careful when setting up your objective function and constraint equations. Even though these equations are "simple," linear equations, it's easy to make mistakes when setting them up. Some "translations" of example objective functions follow below. Try to set them up from the "quoted words" alone without looking at the example equations; then, check to see that your equation is equivalent to one...
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This note was uploaded on 10/22/2009 for the course ECN 321 taught by Professor Dumas during the Fall '08 term at University of North Carolina Wilmington.

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