Question Bank Optimization Theory What is operations research? Explain the scope of OR. List the phases of OR and explain them. Define the following: a. Feasible region. b. Feasible solution. c. Optimal solution. d. Unbounded solution. e. Artificial variable. What is the difference between feasible solution and basic feasible solution? Define What are the two forms of a LPP? Explain in detail. What do you mean by standard form of LPP? What do you mean by canonical form of LPP? What are the limitations of LPP? What are the slack and surplus variables? What is meant by optimality? What are the methods used to solve an LPP involving artificial variables? Explain various steps of the simplex method involved in the computation of an optimum solution to a linear programming problem. What is simplex
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