Q: Please check all that apply: Which of the following business scenarios are examples of problems that can be addressed by linear program models?
or
Q: Please make sure everything is applicable: Which of the following business situations exemplifies an issue that linear program models can solve?
- Allocating a fixed R&D budget across multiple development projects
- Planning staffing levels for a call center given uncertain customer demand
- Setting truck routes for small deliveries
- Determining mix of economy or coach, business class and first class seats on an airplane
Explanation: Linear programming can help optimize how to allocate limited resources (in this case, budget) across competing projects to maximize the return or meet specific objectives. This can also be solved by linear programming, particularly if it’s framed as a transportation problem where the goal is to minimize costs or time while meeting delivery constraints. This involves balancing different seating classes to optimize profitability or meet capacity constraints, which can be modeled using linear programming.
