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.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

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
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

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Enjoy 10% OFF today with the coupon code: save10