Topic 5 Business 660

Please answer separately
Models that pertain to the distribution of a resource within supply chains are often referred to as networks. Distribution among these networks is key to the success of a business while also keeping cost production at a minimum. Discuss at least three ways that linear optimization models can be applied to both physical as well as abstract network problems to increase efficiency in supply chain management.

Solving shortest-route problems enables a business organization to use their resources more efficiently and minimize expenditures, thereby increasing overall production and profit. Consider the business or industry in which you work. What is a process that could be improved by the application of a shortest route linear programming model? How would this model improve production, profit, and/or efficiency?

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