Mgr Decision Profit

78 77 200 16770 Shreyas 0, 128, 87 23,470

c1 c2 c3 Madhulika 0 , 64, 151 25,710
215 0 0 215 300 Rajesh 0 , 59, 156 25,885
-215 20 BEST Decision 0, 64, 151 25,710
Production Planning Problem
Inputs parameters (Given & constant)
Decision variables (we can change)
Non-negative >= 0
Solution method
MORE FLEXBILITY --> BETTER SOLUTION

Linear Programming
Linear Program
Fractional values v/s integer values
Integer Programming
Non-linear Programming
Why Simplex & LP?
Simplex method ?
 Mgr Decision Profit
76 95 130 23470 Shreyas 0, 128, 87 23,470
c1 c2 c3 Madhulika 0 , 64, 151 25,710
0 128 87 215 <= 215 Rajesh 0 , 59, 156 25,885
-41 <= 87 BEST Decision X,X, X 30000??
Production Planning Problem Assumptions
Decision: Quantity of the chemicals to pro No limit on min quantity
Define scope of the problem/ project Ignore demand
Objective : Max total profit Ignore time required for production
User : Production manager Ignore cost
Planning Horizon: Daily Ignore delivery, routing, everything else
Wrong or incomplete answers also teach important concepts !
Which decision is better & why ?
Factor safety ignore
Constraints
Feasible v/s infeasible solution (Implementable decision)
Decision Support System v/s Information System
Time required for decision making
Optimality gap