ABSTRACT
Chapter 8 discusses the use of linear programming to solve common economic-related problems that frequently occur in modern industry. In fact, areas using linear programming are as diverse as defense, health, transportation, manufacturing, advertising, and telecommunications. The reason for this is that in most situations, the classic economic problem exists – you want to maximize output, but you are competing for limited resources. The chapter provides multiple techniques to handle these problems and the importance of conducting sensitivity analysis to better understand the impact of the developed solutions.
