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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Business Data Analysis-Discussion (3)

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Q Describe a problem that you are currently faced with at work or in your personal life that could be solved by using an optimization model like the ones presented in Chapter 13 of the text. Describe what the problem is, why optimization modeling could help you and how you would approach solving the problem with an optimization model.

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The linear optimization method has been used to find the best possible outcome by changing the associated factors affecting the outcomes. As stated in the textbook, the function with the value that has to be optimized is known as objective function. The factors affecting the final value of the objective function is known as decision variable and some constrain has been set as a limiting factors of the decision variables.