prepare a report on the subsequent and describe what it means when a LP is used to optimize an outcome and its two properties.
As a senior manager for Company A that is a shipping company, you are accountable for transporting cargo in the most efficient way possible. Numerous optimizing tools are available for decision making and you have been presented with data from a linear programming (LP) model that portrays the most efficient distribution routes possible. Company A is hoping to expand its operations as well as a small group of investors is visiting next week. You are tasked with the duty of describeing how Company A uses this information from a linear programming model to optimize its shipping.
prepare a report suggested length of 2-3 pages for the visiting investors that presume they have no prior understanding of transportation linear programming in which you do the following-
Describe what it means when a linear programming (LP) model is used to optimize an outcome.
- Define at least one situation where managers would utilize the LP model.
- Describe the two properties all LP problems have in common.