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Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
ISBN: 9781285867168

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BuyFindarrow_forward

Principles of Information Systems ...

12th Edition
Ralph Stair + 1 other
ISBN: 9781285867168
Textbook Problem

Software, such as Microsoft Excel, is often used to find an optimal solution to maximize profits or minimize costs. Search the Internet using Yahoo!, Google, or another search engine to find other software packages that offer optimization features. Write a report describing one or two of the optimization software packages. What are some of the features of the packages?

Program Plan Intro

Information system:

  • An information system is a system which provides the necessary information to an organization to achieve the goals.
  • It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to customers.
  • The main components in the information system are people, data, procedures, hardware, as well as software.
  • The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.
Program Explanation

Optimization software packages:

  • The optimization software package chosen is LINGO 18.0.
  • It denotes optimization modeling software for linear, nonlinear and integer programming.
  • It provides an integrated package that would include a powerful language for expression of optimization model.
  • It denotes a full featured environment for the purpose of building as well as editing problems...

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