For this assignment, we were put into groups of three while we went over the process of linear programming. We were then put in the same groups to go through the process of doing the same process on our own with word problems. We used the linear programs we created to see the optimal solution within the objective function we created. This allowed us to see which decision should be made to maximize or minimize the cost and profits for each company.
With this being said, the 21st century skill we were able to utilize in this assignment was financial literacy. We were able to understand how every decision a company makes can either help or hurt their financial output.
I am proud of the information I was able to obtain with this assignment, I am also glad i was able to work with my teammates in order to come up with the programs.
With this new skill i was able to further my financial literacy because these equations can be used in more than one situation of business.
Something challenging about this task was making sure we created the right equations so we could figure out the right answer.
I am glad I was able to use the desmos.com software in order to properly see our graph, with this said, I wouldn’t redo anything our group did.
While I knew little about linear programming, I was familiar with the ideas of budgets and profit margins in companies.
With this skill being so versatile, I will be able to use this later in life when in similar situations where i would want to make the best decision to save/make money.
With this being said, the 21st century skill we were able to utilize in this assignment was financial literacy. We were able to understand how every decision a company makes can either help or hurt their financial output.
I am proud of the information I was able to obtain with this assignment, I am also glad i was able to work with my teammates in order to come up with the programs.
With this new skill i was able to further my financial literacy because these equations can be used in more than one situation of business.
Something challenging about this task was making sure we created the right equations so we could figure out the right answer.
I am glad I was able to use the desmos.com software in order to properly see our graph, with this said, I wouldn’t redo anything our group did.
While I knew little about linear programming, I was familiar with the ideas of budgets and profit margins in companies.
With this skill being so versatile, I will be able to use this later in life when in similar situations where i would want to make the best decision to save/make money.