Discussion Week 7 Question 1 Comparing Graphical and Computer-Based Assignment

Discussion Week 7 Question 1 Comparing Graphical and Computer-Based Methods - Assignment Examplethe nighttime price associated with a particular constraint tells you how much the optimal value of the objective would increase per building block increase in the amount of resources available. In another(prenominal) words, the shadow price associated with a resource tells you how much more profit you would get by increasing the amount of that resource by one unit (Spivey, 2011, p. 1).It was emphasized by Taylor (2010) that the graphical solution is applicable for solution LP problems with only two (2) decision variables and could be visualized by the problem-solver while the computer-based methods eitherow solving problems with more than two variables and would necessitate data input requirements, either through Excel or QM for Windows.Concurrently, these two methods are similar in terms of allowing the decision-makers to evaluate the outcome or solution that was arrived at using e ither of the methods. Likewise, as these methods were designed to solve LP problems, they presume that all the necessary elements or characteristics that are requirement for solving LP problems must be present the objective function (either maximize profit or minimize cost), a set of constraints, the decision variables, and finally, linearity among all constraint relationships and the objective function (Taylor, 2010, p. 57).The graphical approach could be preferred as the most viable approach to solve LP problems when there are check decision variables (at most two) and when the user needs to visualize the feasible solution area, as well as the optimal solution point. In addition, if the user is not competent or proficient with computer-based programs, the graphical approach is evidently most