some text

Help with discussion | Management homework help

Please read the following Forbes article “Should Your Company Be Using Mathematical Optimization?Links to an external site.” and the KDnuggets article “Mathematical Optimization for BusinessesLinks to an external site..”

After reading the articles, do some research on why companies have been using optimization methods for their business decisions. Discuss how using optimization improves the profitability of the company. 

Reply to at least two of your classmates.

Classmate 1: Finding the optimal answer to a problem given a set of restrictions and goals is the process of optimization. Companies have been using optimization methods due to its many benefits. Optimization has changed entire industries by enabling businesses to take on their most challenging issues and make the best choices to maximize their operational effectiveness (Rothberg, 2020, para. 7). Optimization models examine data and choose the best course of action using mathematical methods. By using optimization techniques, businesses can improve their decision-making and more effectively accomplish their objectives.

Using optimization improves the profitability of a company by reducing costs. Companies can use optimization models to find operational areas where they can cut costs. It is possible to apply optimization to establish the best price for a good or service. Optimization models can determine the price that will optimize profits by examining different factors. By optimizing the company’s product development choices, such as choosing the greatest features to add to a new product, businesses can also increase their profitability. Businesses can boost income and cut costs by making smarter judgments on product development.


Rothberg, E. (2020, July 06). Council post: Should your company be using mathematical optimization? ask yourself these four questions to find out. Retrieved February 27, 2023, from

Classmate 2: Companies have been using optimization methods in order to come up with cost effective ways to run their businesses. A major takeaway I was able to take from the KD Nuggets article is how efficient it can be throughout different business sectors. During the course we learned how optimization methods can be effective in situations such as transportation and how some methods allow solutions in complex situations such as determining costs when traveling however, it can also be used in financial firms to determine stock selections. Optimization allows portfolio managers to select certain stocks or bonds which can maximize yield while mitigating risk.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Place Order
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.

Zero-plagiarism guarantee

The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.

Read more

Free-revision policy

The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.

Read more

Privacy policy

The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.

Read more

Fair-cooperation guarantee

By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.

Read more

Calculate the price

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages