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Pages:
1 page/β275 words
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2 Sources
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APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
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MS Word
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$ 4.86
Topic:
Special Cases Linear Programming Network Models Management Essay
Essay Instructions:
Evaluate how special cases of linear programming network modeling helps managers in their analysis to make optimal decisions and analyze the problem, the objective function, constraints, and decision variables. Is a picture truly worth 1,000 words? Share an example of a real-world application.
Essay Sample Content Preview:
Linear Programming
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Institution Affiliation
Linear program or linear optimization is a sophisticated statistical technique used to achieve the desired results. It is widely used by startups and established companies across the globe and is meant to resolve technical issues in a short time. For managers, linear programming acts as the best and most effective problem-solving method, as they can analyze a problem and can come up with accurate and satisfactory results (Pan, 2013). There are times when it becomes difficult for the manager to analyze whether a problem is of minor nature or serious, and this is where the model of linear programming is used. Without it, managers or businessmen can never make optimal decisions.
In order to get the best of the linear programming technique, it is integral to find constraints, define variables and determine the objective functions. There are a lot of situations in which linear programming ...
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