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Optimization & Linear Programming

Optimization & Linear Programming

(1) What is your opinion on the question below?

In Case 3, you are learning to use LP to determine the best set of Order Quantities so that you obtain the Optimum (max) amount of profit for one product line at EBBD.

As you write your report to Wilco to present your results, consider other applications for Optimization and LP.

In this TD, explore the various ways that LP can be used in logistics to obtain optimal results, not only at EBBD, but at any company.

Solution Preview

(1) In this TD, explore the various ways that LP can be used in logistics to obtain optimal results, not only at EBBD, but at any company.

LP can be used in a variety of ways at any company. Through LP, we can determine the most profitable product mixes by determining where the ...

Solution Summary

This solution discusses optimization and linear programming in regards to EBBD.

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