[Solved] Linear Programming Model Related

 

The development of linear programming is perhaps among the most important scientific advances of the mid-20th century. Today, it is one of the standard tools that has saved many millions of dollars for most companies and enterprises.

1. Identify at least two reasons for the importance of linear programming in an enterprise of your choice.

1. Describe the impact that linear programming models have had in that enterprise in recent decades, and provide a specific example of a linear programming model related to the enterprise that you have selected.

1. Describe how the information obtained about the slack variables of your example can be used by the business intelligence sector of that enterprise.