Which of the following optimizes the use of scarce resources?
A)Total quality management
B)Linear programming
C)Just-in-time inventory
D)The economic order quantity

Question

Quizplus · Accepted Answer

Linear programming is a mathematical method used to optimize the use of scarce resources. It involves creating a model to determine the best way to allocate limited resources among different activities or products while maximizing profit or minimizing costs. Total quality management, just-in-time inventory, and economic order quantity are all management techniques used to improve efficiency and reduce waste, but they do not necessarily optimize the use of scarce resources in the same way that linear programming does.

Which of the Following Optimizes the Use of Scarce Resources