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AGEC 552
GAMS and LP
4
Agriculture
Graduate
11/23/2012

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Term
What is Linear Programming (LP)?
Definition
LP is an approach to analysis of constrained optimization problems
Term
what is the goal of linear programming?
Definition
the goal of linear programming is to compute the values of some decision variables or activities
Term
What are names and corresponding notation associated with an LP?
Definition
Z is the objective variable

c_i is the objective function coefficients for the n variables

a_{i,j} are the constraint coefficients for the m constraints

b_j are the right-hand sides for the constraints
Term
What are the Assumptions underlying LP?
Definition
Proportionality [for each activity (i) the contribution to the objective fn (c_i) and each constraint (a_{i,j}) is he same]

Additivitiy [contributions to the objective and constraints of activity dont affect contributions of another]

Divisibility [any continuous level for activity is feasible; -- activity levels dont have to be whole #s]

Certainty [all parameters are known -- nothing in prob is random]
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