How can sensitivity analysis be applied when making business

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Question 1. Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models? Support your rationale with evidence from readings or external research.

Question 2. 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? Why or why not? Support your response with rationale from the assigned readings.

Question 3. What are the differences between infeasible, unbounded, and alternative optimal solutions in a linear program? Describe situations in which each model would apply.

Question 4. How can sensitivity analysis be applied when making business decisions?

Reference no: EM133677216

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