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LP_model_graphical_solution

LP_model_graphical_solution - LPGraphical Solution Method...

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Click to edit Master subtitle style 9/13/11 LP—Graphical Solution Method MSci331—Week 2
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9/13/11 Convex Set and Extreme Points
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9/13/11 LP: Example (Papa Louis ) Papa Louis manufacturers wooden tables and chairs for small kids. Each "table" built: Sells for $27 and uses $10 worth of raw materials, increases Papa Louis’s variable labor/overhead costs by $14. Requires 2 hours of finishing labor and 1 hour of carpentry labor. Each "chair" built: Sells for $21 and uses $9 worth of raw materials, increase Papa Louis’s
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9/13/11 LP: Example (Papa Louis )
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9/13/11 LP: Example (Papa Louis )
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9/13/11 LP: Example (Papa Louis )
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9/13/11 LP: Example (Papa Louis )
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9/13/11 88 Example: 2 Max 371 BP 100 + 461 BP 200 s.t. 8 BP 100 + 12 BP 200 600 Machining and Welding 5 BP 100 + 10 BP 200 450 Painting and Finishing 2 BP 100 + 2 BP 200 140 Assembly, Test, and Packaging -0.25 BP 100 + 0.75 BP 200 0 BodyPlus 200 Requirement BP 100,  BP 200 > 0
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9/13/11 Example 2: Multiple Optimal Solutions Consider the LP model
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9/13/11 Example 2: Multiple Optimal Solutions
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9/13/11
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