Quantitative Analysis for Management, 13/e

Discussion Questions and Problems

Discussion Questions

1. M7-1 Explain the purpose and procedures of the simplex method.

2. M7-2 How do the graphical and simplex methods of solving LP problems differ? In what ways are they the same? Under what circumstances would you prefer to use the graphical approach?

3. M7-3 What are slack, surplus, and artificial variables? When is each used, and why? What value does each carry in the objective function?

4. M7-4 You have just formulated an LP problem with 12 decision variables and eight constraints. How many basic variables will there always be? What is the difference between a basic and a nonbasic variable?

5. M7-5 What are the simplex rules for selecting the pivot column? The pivot row? The pivot number?

6. M7-6 How do ...