Maximization and minimization problem

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1. Graphically, what is the difference between maximization and a minimization problem?

2. Discuss the usefulness of linear programming in three (3) business applications.

3. Discuss the importance of sensitivity analysis in solving linear programming problems.

4. What is a shadow price?

5. Briefly describe how to balance transportation problems that are unbalanced.

6. Discuss the computational difficulties associated with solving integer linear programming problems.

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Prepare description for requirement for each dml requirement : In the last module, you build your database. Prepare the description for your requirement for each DML requirement you came up during Step II.

Maximization and minimization problem : Graphically, what is the difference between maximization and a minimization problem?

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