Module 48Preview

Linear Programming (LPP): Formulation, Graphical Solution, Duality (Basics)

3 min read·CUET PG Economics

1) What is Linear Programming?

Linear Programming Problem (LPP) is an optimization problem where:

  • objective function is linear,
  • constraints are linear,
  • decision variables are continuous and usually non-negative.

Economic uses:

  • cost minimization with limited resources,
  • profit maximization under capacity constraints,
  • diet problem, transportation (advanced), production planning.

2) Standard form of an LPP

Maximize (or minimize):

Z=c1x1+c2x2Z = c_1x_1 + c_2x_2

Subject to:

a11x1+a12x2≤b1a_{11}x_1 + a_{12}x_2 \le b_1 a21x1+a22x2≤b2a_{21}x_1 + a_{22}x_2 \le b_2 x1,x2≥0x_1, x_2 \ge 0

Key terms:

  • Decision variables: x1,x2x_1, x_2
  • Objective function: Z
  • Constraints: linear inequalities/equalities
  • Feasible region: set of all points satisfying constraints
  • Optimal solution: feasible point maximizing/minimizing Z

3) Graphical solution method (2-variable LPP)

Steps:

  1. Convert each inequality constraint to equality to draw boundary line.
  2. Identify feasible side for each constraint.
  3. Feasible region is intersection of all feasible half-planes + x1,x2≥0x_1,x_2\ge 0.
  4. Find corner points (vertices).
  5. Evaluate Z at each corner point → choose best.

Corner-point theorem (key result)

If an optimal solution exists, at least one optimal solution lies at a corner point of feasible region.

Unlock Economics

You've reached the end of the free preview. Get unlimited access to the complete course material and boost your preparation.

₹89/ subject
One-time payment · Complete access
  • All premium study modules
  • Unlimited practice quizzes & mocks
  • In-depth performance analysis & solutions
Secured by Razorpay