If there is a maximum of 4,000 hours of labor available per month and 300 ping-pong balls (x1) or 125 wiffle balls (x2) can be produced per hour of labor, which of the following constraints reflects this situation? a. 300x1 + 125x2  =  4,000 b. 425(x1 + x2)  <  4,000 c. 300x1 + 125x2  >  4,000 d. 300x1 + 125x2  <  4,000

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.