BU275 Lecture Notes - Lecture 5: Conserved Sequence, Resource Allocation
Document Summary
Analysis of the problem: the data, the decisions, the constraints, the measure of performance, summary of the formulating, solving the model, evaluation of the adequacy of the model. Resource allocation problems are linear programming problems involving the allocation of resources to activities. Cost benefit trade off problems are linear programming problems where the mix of levels of various activities is chosen to achieve minimum acceptable levels for various benefits at a minimum cost. The identify feature is that each functional constraint is a benefit constraint: level achieved = minimum acceptable level. The minimum acceptable level for each benefit. The contribution of each activity to that benefit for each benefit. The cost per unit of each activity. Fixed requirement constraints require that the left-hand side of each such constraint must exactly equal some fixed amount: amount provided = required amount. Fixed requirements problem is that it is a linear programming problem where all its functional constraints are fixed requirement constraints.
