Optimization Models in Supply Chain Risk Management
I have primarily discussed selection decisions in supply chain management. Another major decision type is route selection, as transportation across supply chain facilities is a major issue, as well as selection of those facilities.
Linear programming (LP) was developed as one of the original operations research tools during World War II. It provides a means to optimize a system. It is a particular type of mathematical programming that has been used to improve the efficiency of many business operations, including many supply chain operations.
Linear Programming Models in Operations Management
Linear programming is one of the most powerful analytic tools available to support operations ...
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