Question

Find a current example of a linear optimization model used in your industry. Describe the industry's needs, including any unique factors, how the linear optimization model was used, and the problem or challenge it addressed. Would you suggest a different model be used

Answer 1

Follows are the explanation to the given question:

Explanation:

Its determination of inventory amounts for various products. Its demand is an excellent illustration of a dynamic optimization model used in my businesses. Throughout this case, its store has restrictions within this room are limited. There are only 100 bottles of beverages to be sold, for instance, so there is a market restriction that no one can sell upwards of 50 plastic cups, 30 power beverages, and 40 nutritional cokes. Throughout this situation, these goods, even the maximum quantity supplied is 30, 18, and 28. The profit for each unit is $1, $1.4, and $0.8, etc. With each form of soft drink to also be calculated, a linear extra value is thus necessary.