In: Operations Management
This passage is written about one of the mathematical optimization tools i.e., Linear Programming Problems. This passage talks about the uses, terms, and benefits of Linear Programming Problems. The term of LPP mentioned in this passage is-
· restrictions or constraints- this is the financial/nonfinancial limitations of the resources within which the solution to the organizational problem needed to be found.
Then it highlights the uses/benefits of the Optimization Models. They are as follows–
· It helps to improve the performance of the organization by eliminating the non-necessary options and by incorporating only the crucial factors.
· It helps to find out the most efficient solutions to the asked problem within the limit of the organization’s financial and non-financial resources.
Then finally there is an example of the LPP mathematical model. The LPP model can be used to calculate/estimate the optimal number of persons who should be screened for COVID-19 and sent for the surgery on a daily basis which could ensure the efficiency and profitability for the organization and at the same time by ensuring that the safety of medical staff could not be jeopardized.
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