Linear Programming Models
What is a transportation problem? Briefly discuss the decision variables, the objective function and constraint requirements in a transportation problem. Give a real world example of the transportation problem.
(b) What is a marketing problem in applications of linear programming? Briefly discuss the objective function and constraint requirements in a marketing problem. Give a real world example of a marketing problem.
(c) What are the dual prices? In what range are they valid? Why are they useful in making recommendations to the decision maker? Give a real world example.
(d) What is the required format of a linear programming problem needed if we want to solve it by using QM for Windows? What information about the solution can you collect from the results provided by QM for Windows? Discuss briefly.
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