Linear Programming Applications

LINEAR PROGRAMMING: APPLICATIONS IN MARKETING, FINANCE, AND OPERATIONS MANAGEMENT
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Operations management uses linear programming as a mathematical approach for efficiently arranging scarce or limited resources while accomplishing various activities. Organizations employ this strategy to increase profits by lowering the cost of any predicted pricing (Bloom & Sekhon, 2021). The objective and restraint functions are the two key functions used in this programming. The restrain function is used to generate constraints, whereas the objective function solves them using the variable. Typically, this application is used to improve an organization's business process in many ways as we are going to discuss. As a worker in the manufacturing business. I have learned that the application can be used by my firms efficiently and according to the requirements of the required level of optimization to organize the current scarce resources (Bloom & Sekhon, 2021).
It can become easy for the organization to control its capabilities in terms of production volumes and i...