M3 – Linear Programming from a Broader Perspective

Please review this list of linear programming applications:

Examples of uses in business include:
– Diet design
– Capital budgeting
– Gaming strategy
– Resource conservation
– Resource/materials allocation
– Transportation problems
– Economic predictions and growth problems
– Corporate restructuring
– Product mix planning
– Financial portfolios

Restaurants use linear programming in all of these areas:
– Menu planning
– Meal production
– To increase overall profits

Airlines use linear programming in all of these areas:
– Optimize profits and minimize expenses
– Different fares on seats on a plane (seat, time of purchase, etc.)
– Use to find how many tickets would sell at what price
– Routes, pilot scheduling, layovers, etc.
– Which pilots in the air at what time and when
– Maximize amount of time in the air
– Pilot specializations (fly certain types of planes, routes)
– Pilot salary

Some other examples of linear programming practices include the following:
– Farmers use linear programming to increase revenue of optimize their operations
– Amusement Parks- help make decisions about queue lines
– Overall increase in economic efficiency in business operations

Choose a topic from this list and find a resource on the internet that explains this application further. Share the link and key points from the article in your discussion submission.

Source for list:

https://rakeslinearprogramming.weebly.com/index.html