A major challenge in applying the linear programming model was the many uncertainties in estimating what the parameters of the model should be The major factors causing these uncertainties were the continuing fluctuations in market supply and demand logging costs and environmental regulations Therefore the management science team made extensive use of detailed sensitivity analysis The resulting sustained yield plan increased the companys present net worth by over 398 million while also generatin

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1 The PALCO Company has earned significant financial as well as non financial benefits through a sus... View the full answer