DB1 Whatare some business uses of a linear programming model? Provide an example. DB2 •In the graphical method,how do you know when a problem is infeasible, unbounded, or when it hasmultiple...

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 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?

Answered Same DayDec 23, 2021

Answer To: DB1 Whatare some business uses of a linear programming model? Provide an example. DB2 •In the...

David answered on Dec 23 2021

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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.
In the graphical...

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DB1 Whatare some business uses of a linear programming model? Provide an example. DB2 •In the graphical method,how do you know when a problem is infeasible, unbounded, or when it hasmultiple...

Answer To: DB1 Whatare some business uses of a linear programming model? Provide an example. DB2 •In the...

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