1.The Linear Programming Model Please respond to the following:
¢What are some business uses of a linear programming model? Provide an example
2.The LP Model Please respond to the following:
¢In the graphical method, how do you know when a problem is infeasible, unbounded, or when it has multiple optimal solutions?
¢What are the essential ingredients of an LP model? Why is it helpful to understand the characteristics of LP models?
3.The LP Model Please respond to the following:
¢Distinguish between a minimization and maximization LP model. How do you know which of these to use for any given problem?