Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Supply Chain Management Decision Support Tools and Applications-Discussion

Supply Chain Management Decision Support Tools and Applications-Discussion

Q Linear programming is a widely used mathematical technique designed to help operations managers plan and make decisions. Why is LP so important in decision making?

View Related Questions

Solution Preview

Decision making is an important part of the business as the right decision at the right time helps the business to grow more. Using the linear programming a business can choose the best decision regarding production, pricing and other business activities. In the linear programming one has to consider all the given constraints to compute the value of the required variables. It is clear, that an increasing number of constraints would help the operations manager to take a better decision. For an example, a manager of a car manufacturing company should use the linear programming to find out the desirable production number based on the resources in hand, including, time, materials and manpower. So, based on the linear programming one can ensure that the car manufacturing company would neither have the surplus nor the shortage.