Linear optimization discussion. 1 reference

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Business Finance

BUS660

Description

Describe a workforce scheduling, a blending, and a logistics problem facing your current organization or industry. What is being optimized in each of your examples and why? How do linear optimization techniques differ from decision tree analysis? Which are more applicable to the examples you identified? Support your response with rationale from the readings.

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Running head: LINEAR OPTIMIZATION

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Linear Optimization
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Date

LINEAR OPTIMIZATION

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Introduction
In the business world, we do have what is recognized as the linear optimization. The term
linear optimization which is also known as linear programming refers to the process of
maximizing or minimizing a linear function with the sole intention of finding the optimum value
(maximum or minimum) as far as linear and non-negative constraints are concerned. In other
words, this method is a relatively simple technique that is highly used to find realistic solutions
for a wide range of optimization problems. In the following paragraphs, we shall talk about
workforce scheduling, blending as well as a logistic problem facing my current organization, the
things that are being optimized in eac...


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