Concept explainers
a)
To determine: reduce her risk Janet wants to limit her potential maximum losses to $100000 by formulating linear programming.
Introduction: Linear programming is used to obtain the best possible outcome from the given real-world problem which is subjective to constraints and inequalities. It is used to make decisions based on business objectives. It is used in business planning, industrial engineering, and physical science. Express the real-world problem into the mathematical expression to get the optimal solution from the linear programming.
b)
To determine: reduce her risk Janet wants to limit her potential maximum losses to $100000 by solving graphically.
c)
To determine: reduce her risk Janet wants to limit her potential maximum losses to $100000 by formulating and solving the linear programming.
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