W4 discussions Essay Example | Topics and Well Written Essays - 500 words

W4 discussions - Essay ExampleWaiting-line models can equally be applied in the manufacturing of soda, canned foods, automotive components, and plastic products, the list being practically inexhaustible. By analyzing queues in terms of average out waiting time, and the length of the waiting line, among other factors, managers in the manufacturing setting can make vital stopping points regarding how galore(postnominal) machines they should engage in production, when to schedule upkeep for particular machines, and establish the luck of having a tending(p) measuring stick of materials or inventory running in the system (wps.prenhall.com, n.d.). Queuing theory may help managers establish the probability of a system being idle which is important in deciding when and how often to schedule maintenance assistants for machines and equipment. Simply stated, queuing theory is no less important in product manufacturing than it is in service industries.Linear programme is a widely used ma thematical technique designed to help trading operations managers plan and make decisions. Why is LP so important in decision making? So what be the major components of a linear programming job? What does linear programming tell us somewhat the allocation of resources?Linear programming according to purplemath (n.d.) is the process of analyzing the different linear inequalities that apply to a given situation to find the optimum value that can be obtained under those conditions. In this respect, linear programming is important in obtaining the best (optimum) value of a variable for a given set of conditions (purplemath, n.d.). For decision makers, linear programming is important in finding optimum (maximum and minimum) values which are important much(prenominal) as in maximizing profits and minimizing expenses among other desirable results.A linear programming problem has four basic components decision variables, data/parameters, constraints, and objective