Discussion reply. 200 words. | The Homework Helpers

Discussion reply. 200 words..
Initial discussion question
Explain the importance of correctly stating the objective function and constraints in linear optimization problems. Using examples from your professional experience, describe the problems that could result if the objective function and constraints are not stated properly. Why did these problems arise? Support your anecdotal evidence with support and rationale from the readings.
and my response:
Objective functions and constraints; which include inequalities and system equations constitute an optimizatio n model. Optimization models are essential in solving financial problems, solving various engineering problems and for decision making. The objective function indicates how much each variable contributes to the value to be optimized in the question. The coefficients of the objective function indicate the contribution to the value of the objective function of one unit of the corresponding variable ( Charkhgard , et al., 2018 ).
Linear optimization problems are useful in comprehending, formulating and initializing a linear problem, and especially a question related to finances. In this case, for example, when coming up with payroll for a given transportation company, it would be crucial for the financial analyst to consider correctly defining the variables. The variables defined in this occurrence would include the number of drivers being hired at the beginning of a given year, number of drivers at the end of the year, the initial number of drivers and difference of the number of drivers. In some cases, however, it would be important to correctly state the objective function and constraints in linear optimization problems because under some special conditions the actual role is more critical than the limitations ( Cohen, et al., 2017 ) .

Reply to this: When you utilize a linear optimization model for a transportation drivers payroll we must examine additional constraints with a direct or indirect relationship to minimum or maximum optimization. A constraint that I would look at in this process would be years of experience as a driver and how it affects the pay scale for the drivers. I would also turn my attention to driving certifications; if there is need for one and how will drivers with additional training be compensated.

Don't use plagiarized sources. Get Your Custom Essay on
Discussion reply. 200 words. | The Homework Helpers
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

Discussion reply. 200 words.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Top quality papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional academic writers

We have hired a team of professional writers experienced in academic and business writing. Most of them are native speakers and PhD holders able to take care of any assignment you need help with.

Free revisions

If you feel that we missed something, send the order for a free revision. You will have 10 days to send the order for revision after you receive the final paper. You can either do it on your own after signing in to your personal account or by contacting our support.

On-time delivery

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & confidential

We use several checkers to make sure that all papers you receive are plagiarism-free. Our editors carefully go through all in-text citations. We also promise full confidentiality in all our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

You are welcome to choose your academic level and the type of your paper. Our academic experts will gladly help you with essays, case studies, research papers and other assignments.

Admissions

Admission help & business writing

You can be positive that we will be here 24/7 to help you get accepted to the Master’s program at the TOP-universities or help you get a well-paid position.

Reviews

Editing your paper

Our academic writers and editors will help you submit a well-structured and organized paper just on time. We will ensure that your final paper is of the highest quality and absolutely free of mistakes.

Reviews

Revising your paper

Our academic writers and editors will help you with unlimited number of revisions in case you need any customization of your academic papers