Resources Linear Programming Model †Free Samples to Students

Question: Discuss about the Resources Linear Programming Model. Answer: Introduction: There are several insights that can be gleaned from the video on linear programming. The rational decision making process involves different steps before the final decision is made logically. The rationality of the decision made is based on making choices between alternatives which is made using logic and rationality (Eisenfuhr, Weber Langer 2010, p.3). The other consideration that is factored in the process of decision making is to be objective and analytical. This is in contrast to using insight and subjectivity in the decision making process. The assumptions used are that the person making the decision has the time, ability and resources to evaluate the available alternatives. The rationality for making the decision is dependent on information which is perfect and unambiguous. The information available should avail all relevant data that will be used in making a rational decision (Eisenfuhr, Weber Langer 2010, p.10).In the case of the linear programming word problem, the relevant data are the costs of fat and protein and the content in each brand of cattle feed available (Patrick 2010). The decision is then made using five steps: formulating the goal, identifying criteria, analysis and decision making. The range of costs is reached as the goal that will guide the final decision made. There are several limitations in using linear programming. Determining the objective set out is often a complex undertaking in linear programming. Other constraints which are not set out within the variables may affect the final outcome of the programming (Gupta 2015, p.3). Some constraints used within the programming may not be expressible as inequalities in the linear programming. Another limitation is the hypothesis that assumes linear relations of the variables used. This may not be applicable for real life situations. Estimating the values of the constant co-efficient that are varied poses another limitation in using linear programming. The assumption that there is perfect competition in products and markets limits the use of this technique of analysis. The reality of life is that perfect competition is seldom achieved. The assumption based on the hypothesis of constant returns in a firm is wrong based on practical experience of production. Returns are either diminishing or increasing for most firms. The solutions presented with this technique are mostly presented as trial and error. It also has limitation for complex problems that require optimal solutions such as in economics. Practical application of linear programming Linear programming may be useful in several situations of decision making. In production processes, it can be used to solve problems of planning for production (Kanu, Ozurumba Emerole 2014). This helps the operations manager of a production facility to make decisions of how best to allocate resources that will maximize profit. The resources available may be in the form of raw materials, labour, and money. The outcomes that will be presented as solutions may be the profits return on investment and costs. The clearly defined variables will then assist in making a rational and logical decision. After the TED talk presentation by Ghemawat, my views on globalization have changed drastically. My previous assumptions were that the world was more integrated due to the use of technology. The term globalization was synonymous in my mind with increased global trade and normative cosmopolitanism (Sterri 2014, p.71). The use of social media was main driver of globalization that created new global citizens. The efficacy of the use of social media has been shown to have a small reach in creating global citizens based on friendship. Technology rests on frameworks of friendships already established and does necessarily create new friendships. The official data that has always been published as the metrics to show how globalized we are how been debunked as being wrong on different factors. Data on international calls, cross-border migration, export-to GDP ratio and investments have all been shown to be significantly lower than the official data (Ghemawat 2012). These statistical anomalies have been used to propagate the wrong assumptions that people have on globalization. The real figures which the talk presented are much lower and reflect the true state on globalization. We are not as globalized as we think, or the world is not flat according the presenter of the talk. The distorted view on globalization can be narrowed to several reasons. These reasons contribute to the wrong assumptions that people have on globalization, including me. The lack of credible data is one critical contributing reason (Ghemawat 2012). Peer pressure is another reason that makes people to postulate on a topic that they are ill informed. The last reason is what Ghemawat states is techno-trances (Ghemawat 2012).Having heard the same thing said over time, people tend to believe it in a form of subliminal programming and therefore may accept the lie on globalization. I agree that all my previous views have been wrong, ill informed and myopic. Question two- Fears on Globalization One of the fears is on immigration. The current wave of immigration from Africa and the Middle East has raised concerns in some counties as to the effect such immigration has on their populations. A good example is France which has a sizeable number of immigrants amongst all European countries. People in France have the assumption that currently immigrants account for around 24% of their population (Ghemawat 2012). Adida, Laitin Valfort (2014) state that this raises issues of internal security due to terrorism, religious intolerance and unemployment which may lead to problems of extremism and racism. Knowing the true figure which is 8% may assist in social inclusivity and reduce racial tensions in France. Another area of fear is in the sensitive topic of foreign aid. Most citizens of countries which engage in giving aid to less developed nations have misconceptions about the true figures spent by their government. Most Americans assume that the foreign aid from the federal budget is close to 30% while the true figure is about 1% (Ghemawat 2012). This includes military and other assistance on security (McBride 2017). Knowing the true material facts may push for the case of more money being allocated towards foreign aid. Ghemawat (2012), states that more aid that is channeled to developing nations may actualize the targets set out at the Rio Summit which was 20 years ago. Conclusion Rational decision making can be helpful for the management in making decisions in organizations. It assumes the person making the decision has cognitive ability and uses rationality and logic. Linear programming is a tool that can be used by mangers in making rational decisions. Available figures have tended to show that globalization has a greater impact on trade and immigration than is the reality. The true figures show the contrary and may help in reducing wrong fears and assumptions on aid given to poor countries and immigration. References Adida, C., Laitin, D., Lafort, M, 2014, The Muslim effect on integration and integration in France, The Washington Post, viewed 18 August 2017, https://www.washingtonpost.com/news/monkey-cage/wp/2014/09/30/the-muslim-effect-on-immigrant-integration-in-france-2/?utm_term=.76a33d2e70b6 Eisenfuhr, F., Weber, M., Langer, T, 2010, Rational decision making, Berlin, Springer. Ghemawat, P, 2012, Actually, the world isnt flat, TEDGlobal, viewed 18 August 2017, https://www.ted.com/talks/pankaj_ghemawat_actually_the_world_isn_t_flat/details Gupta, D, 2015,Strategic allocation of resources using linear programming model with parametric analysis: in MATLAB and Excel Solver, Hamburg, Anchor Academic Publishing. Kanu, I., Ozurumba, B., Emerole, C, 2014, Application of linear programming techniques to practical decision making, viewed 18 August, https://iiste.org/Journals/index.php/MTM/article/viewFile/15080/15205 McBride, J, 2017, How does the US spend its foreign aid, CFR, viewed on 18 August 2017, https://www.cfr.org/backgrounder/how-does-us-spend-its-foreign-aid Patrick, JMT, 2010, Linear programming word problem -Example 1, viewed 18 August, https://www.youtube.com/watch?v=2ACJ9ewUC6U Sterri, A., B, 2014, Global citizen-- challenges and responsibility in an interconnected world, Rotterdam, Sense Publishers.