Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 3 out of 17 pages
Exam (elaborations)

COB 291 GRADED APLUS QUESTION COLLECTION WITH DETAILED SOLUTION COVERAGE

Document preview thumbnail
Preview 3 out of 17 pages

COB 291 GRADED APLUS QUESTION COLLECTION WITH DETAILED SOLUTION COVERAGE

Content preview

COB 291 GRADED APLUS QUESTION
COLLECTION WITH DETAILED SOLUTION
COVERAGE

●● When is Linear Programming used?
Answer: LP is used when we have a set of decision variables
(controllable inputs)


●● What is the goal of Linear Programming?
Answer: To find the best values of the decision variables to achieve max
profit or min cost


●● 5 Steps in Formulating LP Models
Answer: 1. Understand the problem.
2. Identify the decision variables.
3. State the objective function as a linear
combination of the decision variables.
4. State the constraints as linear combinations of the
decision variables.
5. Identify any upper or lower bounds on the
decision variables.

,●● constraints
Answer: restrictions placed on potential solutions to a problem


●● objective function
Answer: The function being maximized or minimized in Linear
Programming


●● objective function coefficients
Answer: represent the marginal profits (or costs) associated with the
decision variables.


●● Feasible Solution
Answer: A solution point that satisfies all the constraints simultaneously.


●● Infeasible Solution
Answer: A decision alternative or solution that does not satisfy one or
more constraints.


●● optimal solution
Answer: The feasible solution that provides the best possible value of
the objective function.


●● Optimal Objective Function Value

, Answer: In a maximization (minimization) problem, the optimal value is
the least upper (largest lower) bound of the objective function values
over the entire feasible solutions.


●● Three Assumptions of Linear Programming Models
Answer: Proportionality: contribution to the objective function and the
amount of resources used in each constraint is a proportional value of
each decision variable
Additivity: The value of the objective function and total resources used
can be found by summing the objective function contribution and the
resources used for all decision variables.
Divisibility: the decision variables are continuous.


●● Solving LP graphically
Answer: - An LP problem involving only two decision variables (like 𝑥
and 𝑦) can be solved using a graphical solution procedure.
- Horizontal axis represents one decision variable (𝑥), and vertical axis
represents the other decision variable (𝑦).
- Any point on the graph shows a combination of 𝑥 and 𝑦, so it can be a
possible solution.
- 𝑥=0 and 𝑦=0 is the origin


●● Corner Point
Answer: a point in the feasible region where two or more of the
boundary lines of the constraints intersect.

Document information

Uploaded on
June 29, 2026
Number of pages
17
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
$13.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Favorgrades
3.8
(193)
Sold
830
Followers
376
Items
53697
Last sold
1 week ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions