June 2013
Beginner
134 pages
2h 37m
English
book
Service Management, Student Workbook: An Integrated Approach to Supply Chain Management and Operations
by Cengiz Haksever, Barry Render
Content preview from Service Management, Student Workbook: An Integrated Approach to Supply Chain Management and Operations
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18. Linear and Goal Programming Applications for Services
18.7. Summary of the Chapter
Linear programming has proven to be a popular tool that can handle a wide variety of service operations management problems. Although a graphical method can be used to actually solve small problems, most organizations have access to LP software that runs on either microcomputers or larger systems and uses a solution procedure known as the simplex algorithm. LP not only finds optimal solutions to problems that can be formulated mathematically, but it also provides valuable management information in the form of shadow pricing and sensitivity analysis.
This chapter showed how to formulate LP problems with marketing, shipping, labor scheduling, assignment, ingredient ...
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