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Write down a report on following and explain what it means when a LP is used to optimize an outcome and its two properties.

As a senior manager for Company A, a shipping company, you are responsible for transporting cargo in the most efficient way possible. Various optimizing tools are available for decision making, and you have been presented with data from a linear programming (LP) model that depicts the most efficient distribution routes possible. Company A is hoping to expand its operations and a small group of investors is visiting next week. You are tasked with the duty of explaining how Company A uses this information from a linear programming model to optimize its shipping.

Write a report (suggested length of 2-3 pages) for the visiting investors that assume they have no prior understanding of transportation linear programming in which you do following:

Explain what it means when a linear programming (LP) model is used to optimize an outcome.

1. Express at least one situation where managers would utilize the LP model.

2. Describe the two properties all LP problems have in common.

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Statistics and Probability, Statistics

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