Allocation of Resources (Leaving Cert Applied Maths): Flashcards
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Resource allocation definition
Resource allocation definition
Distributing limited resources among different possible uses
Key characteristic of resource allocation
Key characteristic of resource allocation
What you allocate to one use affects what's available for others
Direction to work in resource allocation
Direction to work in resource allocation
Sink to source (backwards from final destination)
Reason for working backwards in dynamic programming
Reason for working backwards in dynamic programming
Know optimal future outcomes to make better earlier decisions
OVD meaning in resource allocation
OVD meaning in resource allocation
Optimal Value to Destination
What OVD represents
What OVD represents
Best possible profit from future stages
Finite resources characteristic
Finite resources characteristic
Limited total amount to distribute
Optimisation goal in resource allocation
Optimisation goal in resource allocation
Maximise total value or profit
Apple orchard: total surplus apples
Apple orchard: total surplus apples
5 tonnes
Apple orchard: minimum apple sauce requirement
Apple orchard: minimum apple sauce requirement
At least 1 tonne
Apple orchard: max for pig feed & cider combined
Apple orchard: max for pig feed & cider combined
At most 4 tonnes
Optimal pig feed allocation (apple orchard)
Optimal pig feed allocation (apple orchard)
2 tonnes
Optimal cider allocation (apple orchard)
Optimal cider allocation (apple orchard)
1 tonne
Optimal apple sauce allocation (apple orchard)
Optimal apple sauce allocation (apple orchard)
2 tonnes
Maximum profit (apple orchard)
Maximum profit (apple orchard)
€605