Introduction to Linear Programming (75-150 words)
Discuss the requirements of a linear programming (LP) model. Provide an example of an LP model and define each variable used. What are the key steps that need to be considered when formulating an LP problem?
Assignment 4 (1-2 pages)
Answer the following questions:
1. What benefit would be gained by utilizing linear programming (LP) for marketing research?
2. Discuss and provide a basic example of how LP can be used for marketing and/or consumer research.
Network Models (75-150 words)
Discuss the benefits provided by network modeling.
Describe how the shortest-route and maximal-flow techniques can be utilized. Please provide an example of one of these techniques.
Assignment 5 (1-2 pages)
Answer the following questions:
1. Discuss how project management techniques can be used to improve the completion of projects. With this in mind, discuss the role of start and finish times with respect to project completion time.
2. Explain the role of software in project management.
Waiting Lines (75-150 words)
Discuss the significance of waiting line costs.
Here, ensure to address the importance of satisfied customers, arrival points, and service characteristics.
Assignment 6
Answer the following questions
1. Discuss the advantages and disadvantages of queuing theory for an organization in the service industry.
2. What benefits are provided by the constant service time model?