3.4 Linear Programming optimization: finding the maximum or minimum value of some quantity linear programming: the process of maximizing or minimizing a linear objective function subject to constraints that are linear inequalities constraints: graphing restrictions feasible region: the graph of the system of constraints Ex: Find the minimum value and the maximum value of the objective function C = 5x – 2y subject to the following constraints. x !0 y !0 2x + y " 8 x + 3y " 9 minimum value: ____________ maximum value: ____________ Ex: F U ND RA IS ER Your class plans to raise money by selling T-shirts and baseball caps. The plan is to buy the T-shirts for $8 and sell them for $12 and to buy the caps for $4 and sell them for $7. The planning committee estimates that you will not sell more than 120 items. Your class can afford to spend as much as $800 to buy the articles. The constraints on your fun-raising activity are given by the system of inequalities below. Your class can only sell combinations of T-shirts and caps indicated by points that are solutions to the system. c + t ! 120 4c + 8t ! 800 c "0 t "0 a) Your club wants to maximize profit. Write the profit functions p in terms of c and t. b) At which point do you think the maximum value of p will occur? c) Which combination of baseball caps and T-shirts maximizes profit? What is the maximum profit? Ex: PIN A TA S Piñatas are made to sell at a craft fair. It takes 2 hours to make a mini piñata and 3 hours to make a regular-sized piñata. The owner of the craft booth will make a profit of $12 for each mini piñata sold and $24 for each regular-sized piñata sold. If the craft booth owner has no more than 30 hours available to make piñatas and wants to have at least 12 piñatas to sell, how many of each size piñata should be made to maximize profit?