Discuss The Diverse applications of Linear Programming in the following industries: a. logistics b. finance c. manufacturing

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Discuss The Diverse applications of Linear Programming in the following industries:

a. logistics

b. finance

c. manufacturing

Expert Solution
Step 1: What is Linear Programming

Linear programming (LP) is a powerful mathematical technique used for optimization, finding the best outcome in a mathematical model with linear relationships. It has a wide range of applications across various industries, including logistics, finance, and manufacturing.

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