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Pages:
1 page/≈275 words
Sources:
2 Sources
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.86
Topic:

Linear Programming & Application Models Management

Essay Instructions:

Evaluate how linear programming modeling helps managers in their analysis to make optimal decisions and analyze the problem, the objective function, constraints, and decision variables. Share a real-world application.

Essay Sample Content Preview:

Linear Programming
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According to Ping-Qi Pan, linear programming (also known as linear optimization) is a mathematical technique used to achieve the best outcomes. It is frequently used in businesses and is known to solve some technical issues (Pan, 2013). For instance, managers can analyze a problem quickly using mathematical models or linear programming and can determine the seriousness of the issue, before a solution is provided. It may not be possible to make optimal decisions in the business world without linear programming.
Using linear programming requires finding constraints, determining the objective functions and defining variables. In some circumstances, linear programming is used for minimization or the smallest objective function value. The manager may have to create graphs and do calculations before a complex problem is solved perfectly and efficiently.
It is also possible to use linear programming ...
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