[From 10$/Pg] Linear Programming Model Related
The development of linear programming is perhaps among the most important scientific advances of the mid-20th century. Today, it is one of the standard tools that has saved many millions of dollars for most companies and enterprises.
- Identify at least two reasons for the importance of linear programming in an enterprise of your choice.
- Describe the impact that linear programming models have had in that enterprise in recent decades, and provide a specific example of a linear programming model related to the enterprise that you have selected.
- Describe how the information obtained about the slack variables of your example can be used by the business intelligence sector of that enterprise.