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FGRGH

The document describes using a graphical method to solve a linear programming problem to maximize profits for an airline. The problem involves determining the optimal number of coach and first-class tickets to sell given constraints on minimum ticket sales and total passenger capacity. The summary is: 1) The problem is modeled using variables x for coach tickets and y for first-class tickets, with the objective to maximize total profit of 225x + 200y. 2) Constraints that x ≥ 40, y ≥ 25, and x + y ≤ 150 define the feasible region when graphed. 3) The fundamental theorem of linear programming states the optimal solution occurs at a corner point, which are found to be (40,110), (

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4K views15 pages

FGRGH

The document describes using a graphical method to solve a linear programming problem to maximize profits for an airline. The problem involves determining the optimal number of coach and first-class tickets to sell given constraints on minimum ticket sales and total passenger capacity. The summary is: 1) The problem is modeled using variables x for coach tickets and y for first-class tickets, with the objective to maximize total profit of 225x + 200y. 2) Constraints that x ≥ 40, y ≥ 25, and x + y ≤ 150 define the feasible region when graphed. 3) The fundamental theorem of linear programming states the optimal solution occurs at a corner point, which are found to be (40,110), (

Uploaded by

Miles
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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LINEAR PROGRAMING:

GRAPHICAL METHOD
EXAMPLE:
An airline offers coach and first-class tickets. For the
airline to be profitable, it must sell a minimum of 25
first-class tickets and a minimum of 40 coach tickets.
The company makes a profit of $225 for each coach
ticket and $200 for each first-class ticket. At most,
the plane has a capacity of 150 travelers. How many
of each ticket should be sold in order to maximize
profits?
STEP 1.
Define the variables to be optimized.The question asked is a good indicator as to what these will
be.

Let
• x = # of coach tickets
• y = # of first-class tickets
STEP 2.
Write the objective function in words, then convert to mathematical equation.
Our goal is to maximize profits.

• Profit for coach tickets is $225. If


x coach tickets are sold, the total profit for these tickets is 225x.
• Profit for first-class tickets is $200. Similarly, if
y first class tickets are sold, the total profit for these tickets is 200y.

The total profit, P, is


P = 225x + 200y objective function
STEP 3.
Write the constraints in words, then convert to mathematical inequalities.

Since the goal is the maximize profits. We want to make the value of
as large as possible, provided the constraints are met. In this case, we have the following
constraints:

• At least 25 first-class tickets means that 25 or more should be sold. That is, y ≥ 25
• At least 40 coach tickets means that 40 or more should be sold. That is, x ≥ 40
• The sum of first-class and coach tickets should be 150 or fewer. That is x + y ≤ 150
STEP 4.
Graph the constraints as equations
x= 40 (40,0)
y= 25 (0,25)
x + y = 150 (0,150), (150,0)
The first two equations are horizontal and vertical lines, respectively.
To plot x + y= 150, it is preferable to find the horizontal and vertical
intercepts.
• To find the vertical intercept, we let
x = 0:
y= 150
• Giving us the point (0,150)
• To find the horizontal intercept, we let
y = 0:
x = 150
• Giving us the point (150,0)
• Plotting all three equations gives:
STEP 5.
Shade feasible regions by taking into account
the inequality sign and its direction.

We first ask, when is y ≥ 25? Since this is a


horizontal line running through a y-value of 25,
anything above this line represents a value
greater than 25. We denote this by shading
above the line:
• We ask, when is the x-value larger than
40? Values to the left are smaller than 40,
so we must shade to the right to get
values larger than 40:
x+ y ≤ 150.
We have two options, either shade below or shade
above. To help us better see that we will, in fact, need to
shade below the line, let us consider an ordered pair in
both regions. Selecting an ordered pair above the line,
such as (64, 130) gives:
64 + 130 ≤ 150
Which is a false statement since 64 + 130 = 194, a value
larger than 150.
According to the graph, the point (64, 65) is one that falls
below the graph. Putting this pair in yields the statement:
64 + 65 ≥ 150
Which is a true statement since 64+65 is 129, a value
smaller than 150.
Therefore, we shade below the line:

The region in which the green, blue, and


purple shadings intersect satisfies all
three constraints. This region is known
as the feasible regions, since this set
of points is feasible, given all constraints.
We can verify that a point chosen in this
region satisfies all three constraints. For
example, choosing (64, 65) gives:
• 64 ≥ 40 TRUE
• 65 ≥ 25 TRUE
• 64 + 65 ≤ 150 TRUE
This gets us to a great point, but still does
not answer the question:
which point maximizes profit? Fortunately,
there is a theorem discovered by
mathematicians that allows us to answer this
question.
• First off, we define a new term: a corner
point is a point that falls along the corner
of a feasible region. In our situation, we
have three corner points, shown on the
graph as the solid black dots:
• The objective function along with the
three corner points above forms
a bounded linear programming problem.
Fundamental Theorem of Linear Programming
• If a solution exists to a bounded linear programming problem, then it occurs at one of the
corner points.
• If a feasible region is unbounded, then a maximum value for the objective function does not
exist.
• If a feasible region is unbounded, and the objective function has only positive coefficients, then
a minimum value exist
This means we have to choose among three corner points. To verify the “winner,” we must see
which of these three points maximizes the objective function. To find the corner points as
ordered pairs, we must solve three systems of two equations each:
System 1
• x = 40
• x + y = 150
System 2
• x = 40
• y= 25
System 3
• y = 25
• x+ y = 150
• We could decide to solve by using matrix equations, but these equations are all simple enough to
solve by hand:
System 1
• (40) + y = 150
• y = 110
• Point:(40,110)
System 2
• Point already given
• Point: (40,25)
System 3
• x + 25 = 150
• x = 125
• Point: (125,25)
We test each of these three points in the objective function:

Point Profit
(40,110) 225(40) + 200(110) = $31,000
(40,25) 225(40) + 200(25) = $14,000
(125,25) 225(125) + 200(25) = $33,125

The third point, (125,25) maximizes profit. Therefore, we conclude that the airline should sell 125
coach tickets and 25 first-class tickets in order to maximize profits

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