Linear optimization models are the most common optimization models used in organizations today. Linear optimization models are used in finance, marketing, engineering and other disciplines.
Constructing optimization models is an art form requiring logic because there are several ways to formulate a particular problem. Learning how to construct an optimization model is facilitated by observation and studying examples of different optimization model attributes.
Select an organization or industry other than the one you work for, and illustrate an applied example of a type of linear optimization model, describing unique issues with its formulation and implementation. How might the chosen optimization model provide insight for making a good business decision?