Question
According to the textbook, Linear programming applications developed for production and operations management include scheduling, staffing, inventory control, and capacity planning (Anderson et al., 2018,
According to the textbook, "Linear programming applications developed for production and operations management include scheduling, staffing, inventory control, and capacity planning" (Anderson et al., 2018, para. 1). A business issue that could be addressed via this method within the organization that I work for is profitable product mix. I have been working within my current organization for over 7 years, and in that time frame, have noticed that a select few departments (which offer different activities and services) generate a majority of the organization's revenue. With that in mind, I believe there is a more profitable product mix that can be offered. The optimal solution could be cutting certain service offerings, or alternatively, adding additional service offerings to complement those that are already highly profitable. For instance, even though we offer a huge variety of activities and services, our aquatics, health and wellness, and gymnasium facilities attract a large majority of our center's visits. In other words, it may be more profitable (attract more membership) if we took resources dedicated to departments/services that do not attract a lot of interest and use them to improve/upgrade our heavy-interest departments and service offerings. What are your thoughts?
Reference
Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., Cochran, J. J., Fry, M. J., & Ohlmann, J. W. (2016). Quantitative methods for business (13th ed.).
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