1. What is Dynamic Programming ? In what areas of management can it be applied successfully?
2. Discus briefly:
The general similarities between dynamic and linear programming
3. Define the following terms
1. Maximize z = x1 + 9x2
subject to
2x1 + x2 £ 25
x2 £ 11
x1, x2 ³ 0
2. Maximize z = 3x1 + x2
subject to
x1£ 2
x2 £ 4
2x1 + x2 £ 6
x1, x2 ³ 0
3. The XYZ Trucking company has to deliver a shipment of goods from city A to city D as shown below. The numbers on the arcs represent the estimated driving times in hours between adjacent cities. The company wants to determine the route requiring the shortest travel time.
Solve the problem and find the minimum time and its associated optimal route.