Question

Many times, linear optimization is used to maximize an objective function because profit, productivity, or efficiency is the outcome of interest. Provide two examples where the goal is to optimize a process by minimizing an objective function. In your examples, identify the outcome and any constraints that would need to be met.

Answer 1

Solution :

1.Marketing:-

There are many media resources to advertise your products such as TV,radio,media etc.But have to consider which resource minimize the total cost of advertising.

The constraint includes the resource should have efficient rating in order to produce better outcome.

The outcome includes more sales.

2 . Distribution:-

It considers the case in which there are many companies that must ship their goods to many warehouses.

The constraint is that how many number of units that each factory ships to each warehouse

That minimizes the total costs..

If you need more information , kindly let me know.

Thank You.

Please don't forget to like.