"An optimal plan for minimizing the cost of allocating capacity to meet demand over several planning periods" best describes which of the following?
A) the linear decision rule
B) simulation
C) the management coefficients model
D) the transportation method
E) graphical methods

Question

Quizplus · Accepted Answer

The transportation method is a type of linear programming problem that focuses on finding the most efficient way to distribute products from several suppliers to several consumers in a way that minimizes the total transportation cost, which aligns with the description of an optimal plan for minimizing the cost of allocating capacity to meet demand over several planning periods.

"An Optimal Plan for Minimizing the Cost of Allocating Capacity