Question: Linear programming is very common decision tool used by organizations for a variety of purposes including planning business operations and portfolio optimization. Therefore, give an
Linear programming is very common decision tool used by organizations for a variety of purposes including planning business operations and portfolio optimization. Therefore, give an example of real-world problem faced by organizations, and how linear programming models are being used or might be used to help solve the problems. Remember to briefly describe the problem, identify the decision variables, discuss what factors would be included in the objective function, give a list of what constraints might be important to consider, and how the results might be used.
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