discuss the difference and similarties between maximization and minimization problem using the graphical soluton method for LP.
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Expert's answer
2021-01-19T17:44:20-0500
Similarties: same steps in solving LP problem:
Formulate the LP problem
Construct a graph and plot the constraint lines
Determine the valid side of each constraint line
Identify the feasible solution region
Plot two objective function lines to determine the direction of improvement
Find the most attractive corner of feasible region
Determine the optimal solution by algebraicallycalculating coordinates of the most attractive corner
Determine the value of the objective function for theoptimal solution
Difference:
Improvement is in the direction of greater value when the objective is to maximize the objective function, and is in the direction of lesser value when the objective is to minimize the objective function
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
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