Asked by Brandon Watson on May 21, 2024
Verified
What is one assumption made when using linear programming to optimize the assignment of shipping amounts from plants to regional centers?
A) Supply must equal demand.
B) All costs and volumes are known with certainty.
C) There must be a solution.
D) Supply cannot exceed demand.
Linear Programming
A mathematical method used to find the best possible outcome or solution from a given set of parameters or list of requirements, subject to certain constraints.
Shipping Amounts
The total quantities or volumes of goods transported or dispatched from one location to another via various modes of transportation.
Cost Certainty
The assurance that the costs associated with producing or delivering a product will not significantly vary, enabling better budgeting and pricing strategies.
- Utilize linear programming models to determine solutions that minimize costs in supply chain networks.
Verified Answer
Learning Objectives
- Utilize linear programming models to determine solutions that minimize costs in supply chain networks.
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