Ashford University Week 5 Optimization Models Business Process Discussion

User Generated

Ybhvfivyyrfyvpx

Business Finance

ashford university

Description

After reviewing the optimization models in the text, select one model that you can use to improve a specific business process. Explain your reasoning. You can work with a business process at your current job, previous jobs, think of a hypothetical situation (i.e. how FedEx may be routing their shipments or how a call center may be scheduling their employees), or use the scenario from the discussion in Week 1



Albright, S. C., & Winston, W. L. (2017). Business analytics: Data analysis and decision making(6th ed.). Retrieved from https://redshelf.com/

https://www.amazon.com/Business-Analytics-Analysis...


User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.

1

Optimization Models
Name
Institution
Course
Professor
Date

2

The selected optimization model is linear programming (LP). This mathematical
modelling technique is concerned with identifying the optimal value, which is the maximum or
minimum value of a linear function subject to various constraints (Albright & Winston, 2017). In
the construction industry, the linear programming model can guide quantitative decisions about
labor scheduling. LP can help perform optimization by making simplifying assumptions within
certain ...


Anonymous
This is great! Exactly what I wanted.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags