Optimization models are widely used in resource management to maximize efficiency and make informed decisions. Here are some practical applications: Explanation: 1. Supply Chain Optimization: Optimizing the allocation of resources in the supply chain can minimize transportation costs, reduce inventory levels, and improve delivery times. 2. Inventory Management: Businesses can use optimization models to determine the optimal order quantity and reorder points, ensuring efficient inventory levels while avoiding stockouts. 3. Energy Management: In industries and buildings, optimization models can schedule energy usage, such as HVAC systems and lighting, to minimize costs while meeting demand and adhering to energy efficiency standards