APPLICATIONS OF LINEAR PROGRAMMING FOR SOLVING BUSINESS PROBLEMS IN TODAY'S WORLD

APPLICATIONS OF LINEAR PROGRAMMING FOR SOLVING BUSINESS PROBLEMS 

A mathematical optimization model consists of an objective function and a set of constraints in the form of a system of equations or inequalities. Optimization models are used extensively in almost all areas of decision-making, such as engineering design and financial portfolio selection. This site presents a focused and structured process for optimization problem formulation, design of optimal strategy, and quality-control tools that include validation, verification, and post-solution activities.
Applications of linear programming for solving business problems;

1. Production Management: LP is applied for determining the optimal allocation of such re­sources as materials, machines, manpower, etc. by a firm. It is used to determine the optimal product- mix of the firm to maximize its revenue. It is also used for product smoothing and assembly line balancing.

2. Personnel Management: LP technique enables the personnel manager to solve problems relating to recruitment, selection, training, and deployment of manpower to different departments of the firm. It is also used to determine the minimum number of employees required in various shifts to meet production schedule within a time schedule.

3. Inventory Management: A firm is faced with the problem of inventory management of raw materials and finished products. The objective function in inventory management is to minimize inven­tory cost and the constraints are space and demand for the product. LP technique is used to solve this problem.

4. Marketing Management: LP technique enables the marketing manager in analyzing the audience coverage of advertising based on the available media, given the advertising budget as the constraint. It also helps the sales executive of a firm in finding the shortest route for his tour. With its use, the marketing manager determines the optimal distribution schedule for transporting the product from different warehouses to various market locations in such a manner that the total transport cost is the minimum.

5. Financial Management: The financial manager of a firm, mutual fund, insurance company, bank, etc. uses the LP technique for the selection of investment portfolio of shares, bonds, etc. so as to maximize return on investment.

6. Blending Problem: LP technique is also applicable to blending problem when a final product is produced by mixing a variety of raw materials. The blending problems arise in animal feed, diet problems, petroleum products, chemical products, etc. In all such cases, with raw materials and other inputs as constraints, the objective function is to minimize the cost of final product.

BEING A MANAGER IN SOUTH AFRICA

 

INTERCULTURAL MANAGEMENT - SOUTH AFRICA

BEING A MANAGER IN SOUTH AFRICA

Management Guide South Africa

Successful cross cultural management is more likely is you understand the importance of spending time developing personal relationships and getting to know your colleagues. Because the country was closed to outside influences for many years, some older Afrikaners remain suspicious of anyone who might dilute their culture, including foreigners.

There are strong regional differences that affect the way business is conducted. There may be a lack of time urgency in cities such as Cape Town that is best explained by the phrase "just now", which means immediately, just past, now, later, or sometime in the future; whereas business can be quite fast paced in Johannesburg.

The white "Old School Tie" or "Old Boy" network that ran major businesses two decades ago is slowly being replaced by a new generation of executives who are more interested in accomplishment than where someone went to school. This is a country in transition and successful cross cultural management is more likely is you understand that you should expect to find many different management styles. Often the behavior you experience will be more a matter of personality than cultural dictate.


The Role of a Manager

The purpose of meetings in South Africa is to share information among co-workers. There is not a great deal of emphasis placed on position or status. All present are assumed to have value and therefore have value to contribute. The agenda will be set by the leader, and the leader will guide the pace and content of discussions, but all present have both an obligation and a right to contribute.

Meeting schedules are not rigid in South Africa. There may be an agenda, but it serves as a guideline for the discussion and acts as a springboard to other related business ideas. As relationships are highly important in this culture, there may be some time in the meeting devoted to non-business discussions. Time is not considered more important than completing a meeting satisfactorily, so meetings will go on until they come to a natural ending.

Approach to Change

South Africa’s intercultural adaptability and readiness for change is apparent. South Africa is seen to have a medium tolerance for change and risk. It is important for innovations to have a track record or history noting the benefits if they are to be accepted and implemented.

The fear of exposure, and the potential of embarrassment that may accompany failure, brings about aversion to risk. Because of this attitude, intercultural sensitivity is going to be required, especially when conducting group meetings and discussing contributions made my participating individuals.

Approach to Time and Priorities

South Africa is a controlled-time culture, and adherence to schedules is important and expected. In South Africa missing a deadline is a sign of poor management and inefficiency, and will shake people’s confidence.

Since South Africans respect schedules and deadlines, it is not unusual for managers to expect people to work late and even give up weekends in order to meet target deadlines. Successful intercultural management will depend on the individual’s ability to meet deadlines.

 

Decision Making

As with many other aspects of South African business, the relationship between managers and subordinates is changing. Afrikaner managers were known for being autocratic; however, the management style is becoming increasingly collaborative. That is not to say that hierarchical relationships are not respected.

Boss or Team Player ?

In South Africa, groups collaborate well together as teams. Members are generally chosen to participate based on tangible skills or the knowledge base they bring, and are equally welcome to contribute to any discussion that may arise. The success of the cross cultural manager will depend on the individual’s ability to harness the talent of the group assembled, and develop any resulting synergies.

Communication and Negotiation Styles

Women have yet to attain senior level positions. If you are a woman, you can expect to encounter some condescending behavior and to be tested in ways that a male colleague would not. Do not interrupt a South African while they are speaking. South Africans strive for consensus and win-win situations. Include delivery dates in contracts as deadlines are often viewed as fluid rather than firm commitments. Start negotiating with a realistic figure. Decision-making may be concentrated at the top of the company and decisions are often made after consultation with subordinates, so the process can be slow and protracted. Patience may be a necessary cross cultural attribute.

Want more? Go to the Intercultural Management Guides page

Earn more with your apps

Earn more with your apps.

You work hard on your app. AdMob makes earning revenue easy with in-app ads, actionable insights, and powerful, easy-to-use tools that grow your app business.

Get started 

Need a consultation?

Contact us.

Experience the AdMob advantage.

Smarter tech, more revenue

As one of the largest global ad networks, AdMob can fill your ad requests from anywhere in the world. Maximize the value of every impression across all your networks with the most advanced monetization technology.

High-performing ad formats

Engage and retain your users with our innovative ad formats. Customize the user experience and earn more revenue by integrating native, rewarded, banner, video, and interstitial ads seamlessly into your app.

Actionable analytics

Make smarter decisions to grow mobile app earnings and improve customer experience. AdMob’s robust reporting and measurement features deliver deeper insights into how your users are interacting with your mobile app and ads. Gain even richer insights by directly integrating Google Analytics for Firebase with AdMob.

Automated tools

Streamline your day-to-day tasks with our automated tools. Easy to set up and integrate, our tools offer everything from state-of-the-art brand safety controls to advanced monetization technology with mediation and Open Bidding.

Learn more

AdMob for every app.

Wherever you are, whatever your app can do, AdMob can help you grow lasting revenue.

Are you a game developer?Check out AdMob for Games.



Everywhere

Every size

Every category

AdMob by the numbers.

81%

of the Android top 1000 use AdMob.

97%

of AdAge 100 world's largest advertisers buy ads on AdMob.

1 million +

apps use AdMob.

1 million +

Google advertisers are on AdMob.

 AdMob is able to provide advertiser demand in more than 200 countries for us. We have seen really competitive, consistently high CPMs from AdMob across a variety of formats — from text interstitials to rich media and video. 

Mike Evans, VP, Digital Marketing, SEGA Networks

Getting Started is easy.

Sign up for AdMob and get more from your app today.

Sign up

https://admob.google.com/home/

Watch (View) Pastor Chris Oyakhilome DSc DD on Global Day of Prayer

Watch Pastor Chris live @ the ongoing series of Yourloveworld and Global Day of Prayerhttps://youtu.be/ZOT_h7c9twE

https://m.facebook.com/watch/live/?v=823418638509484&ref=watch_permalink&_rdr 

https://m.youtube.com/watch?v=wWzX0J7Hj0g

 https://m.youtube.com/watch?v=U9VsbHPoMjM