Category: Programming

Abstract This term paper showcases the Application of Quantitative Methods for the exploration and analysis of a transshipment problem through a linear programming model for Lij Systems. An electronic company would like to determine an optimal transshipment plan that minimizes total transportation cost while meeting demands in each retail outlet and not exceeding the capacity…

Summary In business, linear programming models have the potential to be used in profit optimization. As evidenced in the article by Maurya, Misra, Anderson, and Shukla (2015), linear programming can be used to facilitate the integration of effective quantitative techniques to predict the need for profit optimization. Using the example of an Ethiopian chemical company,…

Table of Contents Introduction Sensitivity Analysis Example Linear Programming Illustration of application of linear programming Real example Conclusion Reference List Introduction Sensitivity analysis and linear programming are important statistical tools of analysis when faced with the challenge of making a decision against series of constraints in business. As referred to as linear optimization, linear programming…