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Linear Optimization Models in Supply Chain Management

Coursework Instructions:

Models that pertain to the distribution of a resource within supply chains are often referred to as networks. Distribution among these networks is key to the success of a business while also keeping cost production at a minimum. Discuss at least three ways that linear optimization models can be applied to both physical as well as abstract network problems to increase efficiency in supply chain management. Cite and Reference needed. Supply Chain Management and Logistics, Retail Examples

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Coursework Sample Content Preview:

Linear Programming: Distribution and Network Models
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According to Kozma et al. (2019), a supply chain entails a network of various resources, individuals, and technology used in creating and even selling a given product. It is critical to evaluate various issues faced in producing and selling the product to ensure efficient supply chain management. The primary issues faced in the supply chain are transportation and the shipment of goods. Consequently, through linear programming, these issues can be solved by identifying and finding a given product closer to the demand center and identifying various changes in the marketplace (Govindan et al., 2018). By identifying the changes, the manufacturer quickly responds to the surge. Furthermore, an effective route can be identified through linear programming, which plays a vital role in overall profit maximization.
Additionally, linear optimization models are applicable to both physical and abstract network problems in the supply and demand of a product. It is use...
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