Question: Discuss the similarities and differences between minimization and maximization problems using the graphical solution approaches of LP. It is important to understand the assumptions underlying

Discuss the similarities and differences between minimization and maximization problems using the graphical solution approaches of LP. It is important to understand the assumptions underlying the use of any quantitative analysis model. What are the assumptions and requirements for an LP model to be formulated and used? It has been said that each LP problem that has a feasible region has an infinite number of solutions. Explain Under what condition is it possible for an LP problem to have more than one optimal solution? The production manager of a large Cincinnati manufacturing firm once made the statement, "I would like to use LP, but it's a technique that operates under conditions of certainty. My plant doesn't have that certainty; it's a world of uncertainty. So LP can't be used here." Do you think this statement has any merit? Explain why the manager may have said it

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