Question: Why is it wise to sketch a linear programming model on paper before trying to code it in Excel? What are the key steps to

  1. Why is it wise to sketch a linear programming model on paper before trying to code it in Excel?
  2. What are the key steps to solving an LP model in Excel?
  3. What are two applications of LP in business?
  4. What's the difference between system 1 and system 2 thinking?
  5. What is satisficing? Why do we do it?
  6. What are heuristics? Why do we use them?

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