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Linear Programming Basics
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Linear Programming (LP)
A mathematical method for determining a way to achieve the best outcome in a given mathematical model for some list of requirements represented as linear relationships.
Constraints
Restrictions or conditions expressed as linear inequalities or equations that define the feasible region within which the linear programming problem must be solved.
Degeneracy
A situation in linear programming where multiple basic feasible solutions correspond to the same corner point of the feasible region, which may cause the simplex algorithm to stall.
Reduced Cost
The amount by which an objective function coefficient must improve before it would be possible for the corresponding variable to assume a positive value in the optimal solution.
Objective Function
A linear function that is optimized (maximized or minimized) subject to the constraints of the linear programming problem.
Big M Method
An approach used in linear programming to find a basic feasible solution by incorporating artificial variables with a very large positive or negative coefficient (M) into the objective function.
Basis and Basic Feasible Solution
In the context of the simplex method, a basis is a set of linearly independent vectors equal to the number of constraints. A basic feasible solution is a solution obtained by setting non-basis variables to zero and solving for the basis variables.
Slack Variable
An additional variable introduced into a linear programming problem to turn an inequality constraint into an equality, facilitating the use of the simplex method.
Shadow Price
The change in the optimal value of the objective function of a linear programming problem per unit increase in the right-hand side of a constraint, assuming all other data remains constant.
Non-negativity Restrictions
A set of constraints in linear programming problems that require all the decision variables to be non-negative, ensuring that the solutions make practical sense in real-world scenarios.
Feasible Region
The set of all possible points that satisfy all the given constraints of a linear programming problem, typically visualized graphically as a polygon or polyhedron.
Dual Problem
In linear programming, the dual problem involves the maximization of a linear function subject to linear inequalities, and is associated with the minimization problem of the primal by a relationship known as duality.
Simplex Method
An algorithm for solving linear programming problems by systematically testing vertices of the feasible region to find the optimal value of the objective function.
Primal-Dual Relationship
A concept in linear programming where every linear programming problem (the primal) has a corresponding dual problem, with a strong connection between their solutions.
Surplus Variable
A variable subtracted from a 'greater-than' inequality constraint in a linear programming problem to convert it into an equality, facilitating the use of the simplex method.
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