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Explain the following terms: Decision Variables Objective function Constraint Non-negativity constraints Feasible solution Infeasible solution Feasible solution area Optimal Solution Extreme Points Proportionality What is
- Explain the following terms:
- Decision Variables
- Objective function
- Constraint
- Non-negativity constraints
- Feasible solution
- Infeasible solution
- Feasible solution area
- Optimal Solution
- Extreme Points
- Proportionality
- What is the purpose of sensitivity analysis?
- When do you use a slack variable, and what does it represent?
- When do you use a surplus variable, and what does it represent?
- When might you have multiple optimal solutions?How do you identify it?What does it mean to you, the operations manager?
- What is an unbounded problem?How do you identify it?What does it mean to you, the operations manager
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