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How do you respond to this students response below: There are several aspects to

ID: 455500 • Letter: H

Question

How do you respond to this students response below:

There are several aspects to logistics. Logistics involves physical items such as material handling, production, packaging, inventory, transportation, warehousing and often security. Logistics is the organization and implementation of operations which manages the flow of operations begging form the point of origin or point of consumption to meet consumer or corporation requirements. Linear programing is a technique using mathematics to solve constrained maximization and minimization problems where there a multiple constraints and the objective is to identify optimal results. Linear programing can be used in logistics to obtain optimal results by applying optimal process selection, optimal product mix, satisfying minimum product requirements, long-run capacity planning and more. Linear programing can also be used to determine to reduce cost as needed, find additional goods and services that can increase profitability or reduce risks in other areas. In addition to identifying optimal levels in operations, linear programing can be used to determine optimal levels of staffing, space, and other issues. references: http://www.swlearning.com/economics/salvatore/salvatore5e/linear_programming_chapter.pdf

Explanation / Answer

Linear programming invole various techniques but these are not only calculation method.

Stastical method play important role too to evaluate the efficiency and effectiveness of logisitic.Probablity analyis, root casue analysis are another popular method.

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