One-variable Optimization

One-variable Optimization

• Step1: Ask the question
• Variables:
  • t = time ( days )
  • w = weight of pig ( lbs )
  • p = price for pigs ( $/lb )
  • C = cost of keeping pig t days ( $ )
  • R = revenue obtained by selling pig ( $ )
  • P = profit from sale of pig ( $ )

Previous slide

Next slide

Back to the first slide

View Graphic Version

Give out pig problem

Look at 5 step sheet: variables,assumptions,objective