The network simplex method can aid managers in conducting what-if analysis.

Question

Quizplus · Accepted Answer

The network simplex method is a powerful tool for solving optimization problems in network structures, such as transportation or communication networks. It can be used for conducting what-if analysis, which involves changing certain parameters or inputs to see how they will affect the outcomes of the optimization problem. This allows managers to make better-informed decisions based on the results of different scenarios or alternatives.

The Network Simplex Method Can Aid Managers in Conducting What-If