9.1 Learning Outcomes:
Find some structured ways of dealing with complex managerial decision problems.
9.2 Action Required:
Read the following chapter of your Textbook.
Chapter 9: Linear Optimization
9.3 Test your Knowledge (Question):
Q· What are the properties of Linear Functions?
Q· Explain the Data Envelopment Analysis.
THIS IS THE ANSWER FOR HELP YOU 100 WORDS FOR EACH Q
1- • Term “linear” refers to a feature of the objective function and
the constraints.
– Additivity
– Proportionality
– Divisibility
2- DEA is a linear programming application aimed at evaluating the efficiencies of similar organizational departments or decision-making units (DMUs). • DMUs are characterized in terms of inputs and outputs, not in terms of operating details. • A DMU is considered efficient if it gets the most output from its inputs. • The purpose of DEA is to identify inefficient DMUs when there are multiple outputs and multiple inputs.
References:
Powell, S. G., & Baker, K. R. (2014). Management science: The art of modeling with spreadsheets (4th ed.). Wiley. ISBN: 9781118582695 (print version); ISBN: 9781118801314 (E-copy).
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