In this phase, you have read about the use of linear programming in different areas of business, such as manufacturing, marketing, and finance, for managerial decisions. A solution is only as good as the model itself. Prior to creating a model, it is important to understand the problem, variables, and constraints. In this discussion, you, as the project manager, will present the vital information to the analyst who will be creating the model for your problem.
- Create a scenario in which LP could be used to assist in the decision making. Define the area of business you have chosen and explain the problem.
- Explain if the objective function would maximize or minimize function some value. It is not required to create the actual objective function.
- Identify decision variables and constraints for each model. Mathematical equations are not required, but explain any variables and constraints that would have to be considered. Do not forget about the non-negativity constraints.
Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:
- What did you learn from your classmate's posting?
- What additional questions do you have after reading the posting?
- What clarification do you need regarding the posting?
- What differences or similarities do you see between your posting and other classmates' postings?