DB1What
are some business uses of a linear programming model? Provide an example.

DB
2

•In the...

Question

DB1What
are some business uses of a linear programming model? Provide an example.

DB
2

•In the graphical method,
how do you know when a problem is infeasible, unbounded, or when it has
multiple optimal solutions?
What
are the essential ingredients of an LP model? Why is it helpful to understand
the characteristics of LP models?

DB
3

Distinguish
between a minimization and maximization LP model. How do you know which of
these to use for any given problem?

David · Accepted Answer

What are some business uses of a linear programming model? Provide an example. 
Linear programming is used for many ways in a business. It is used to solve the problems 
in the business and allows the business to get the optimum solution depending on the constraints. 
Linear programming can also be used to find alternate solution. For example, linear 
programming is used in restaurants to find out the pricing of the products to maximize revenue.

DB1 What are some business uses of a linear programming model? Provide an example. DB 2 •In the graphical method, how do you know when a problem is infeasible, unbounded, or when it has multiple...

Solution

Answer To This Question Is Available To Download

Related Questions & Answers

Submit New Assignment