Provide an example of a business decision where business analytics should always be used and justify your answer. Are there any critical resource requirements needed to support business analytics in this situation? What if these requirements can't be met?

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Q: Describe the difference of Current State of a problem and Future state of a problem?

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.