Question: List and explain the assumptions involved in LP
List and explain the assumptions involved in LP.
Answer to relevant QuestionsList and explain the characteristics of LP.List the reasons for performing sensitivity analysis.Explain the differences between static and dynamic models. How can one evolve into the other?Excel is probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts?Pick a geographic region and business domain and list some corresponding relevant factors that would be used as inputs in building such a system.
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