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What are the assumptions of linear programming

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Reference no: EM132257922

Quantitative analysis

Question No. 1 

What are the assumptions of linear programming?

200 words with reference

Question No 2.

Post a summary of your initial reactions to the case study and any questions or concerns you may have about this case study or completing the assignment. I will do my best to address any and all concerns accordingly. (LO 1, 2, 3, 4, 5)?

The above 2nd question based on below Learning objective. Please answer accordingly on the basis of Learning objective

LO (Learning Objectives) are below - LO are below

1 Week Topic(s) Learning Objective(s) 1 Introduction of Statistical Packages Imbedded in Excel LO 1. Identify the decisions necessary in business. LO 3. Employ qualitative analysis methods to solve business problems. LO 5. Synthesize information from multiple disciplines in order to solve business problems.

2 Basic Probability Concepts and Descriptive Statistics LO 1. Identify the decisions necessary in business. LO 2. Contrast a variety of qualitative and quantitative methods used to address business problems. LO 3. Employ qualitative analysis methods to solve business problems.

3 Expected Return and Decision Tree LO 1. Identify the decisions necessary in business. LO 2. Contrast a variety of qualitative and quantitative methods used to address business problems. LO 5. Synthesize information from multiple disciplines in order to solve business problems.

4 Forecasting Models and Inventory Control Models LO 1. Identify the decisions necessary in business. LO 3. Employ qualitative analysis methods to solve business problems. LO 4. Employ quantitative analysis methods to solve business problems. LO 5. Synthesize information from multiple disciplines in order to solve business problems.

5 Queuing Theory Models and Quality Control LO 1. Identify the decisions necessary in business. LO 2. Contrast a variety of qualitative and quantitative methods used to address business problems. LO 3. Employ qualitative analysis methods to solve business problems. LO 5. Synthesize information from multiple disciplines in order to solve business problems

300 words with reference.

Verified Expert

Probability, normally defined as the probable chance of occurring an event. the probability value normally falls between 0 and 1. The probability distribution was classified into discrete and continuous probability distributions. For discrete random variables (when X takes values 0, 1, 2, ....) then, discrete probability distributions was used (Binomial distribution and Poisson distribution).

Reference no: EM132257922

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Reviews

inf2257922

9/5/2019 3:17:45 AM

Please note the course developer has to included the Scribd example to illustrate how to go about creating constraints and input them for analysis, provide complete solution to the problem. I would recommend that you review the case study thoroughly, understand the conditions and then create the constraints for analysis. I would also recommend that you repeat the example in the help file so that you can feel confident about the steps you need to follow to get the solution. Thanks EXAMPLE OF ASSIGNMENT ATTACHED. 32341436_1Example of Assignment.docx

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