After discussing the basic elements of a linear programming problem (LPP) in my previous post, I decided to share some applications on LPP before we delve into the Integer Programming Problem or other variations of LPP..Read more on this free link
In today’s hypercompetitive and highly complex business environment, companies are constantly searching for ways to gain a competitive advantage by improving the speed, efficiency, and quality of the goods and services they deliver to customers through their supply chains. Read more on this free link
Sensitivity analysis gives you insight in how the optimal solution changes when you change the coefficients of the model. After the solver found a solution, you can create a sensitivity report. Read more on this free link
What Is Shadow Pricing?
The term shadow pricing is used to refer to either one of two things:
The actual market value of a money market fund share even if its stated value is $1 per share. Read more on this free link