Is this answer accurate   Describe a problem that you are…

jeanisamoore Is this answer accurate   Describe a problem that you are…Is this answer accurate Describe a problem that you are currently faced with at work or in your personal life that could be solved by using an optimization model. Describe what the problem is, why optimization modeling could help you and how you would approach solving the problem with an optimization model.I used to think that most people wanted to have money, but then I heard that many people are willing to spend a fortune on a simple t-shirt! I am viscerally disgusted when I walk into one of those palaces of high prices, such as Walmart, Target, or Casco, and watch people hand over their very livelihoods for a polyester rug or a plastic-riddled toaster. You see, I was proudly raised to optimize my dollars at wonderful places commonly referred to as thrift shops.There are about six thrift shops within a reasonable distance from my house, and I know the route from one to another like the back of my hand. In contrast to the money I save, I have observed that the transportation from sweet deal to sweet deal does require the spending of money. I have wondered, therefore, how I might optimize my route to minimize such siphoning off of my money. It was with surpassing joy, then, that I realized, while perusing this week’s Required Readings, that optimization modeling is perfectly suited to minimize the money I waste on my thrift shop route (Avcontentteam, 2023)!This scenario is essentially the Traveling Salesman Problem (TSP) which, as demonstrated by Diaby (2007), can be solved using multiple different optimization models, including linear programming (p. 745; Avcontentteam, 2023, Example section). Unfortunately, according to Reducible (2023) the TSP is a very complex problem — so complex that, depending on the number of stops, the optimal solution can only be estimated. However, because there are only a very few thrift shops (stops) on my dealmaking route, I am able to calculate the optimal route. Reducible observes that the best method for calculating the best route when there are only a few stops is the “Brute Force” method in which every possible route is identified and compared (2:44). As the number of stops on a route increases, however, this method becomes unreasonable: each new stop exponentially increases the number of combinations which must be identified and compared (Reducible). This is the reason estimates must be used in place of exact calculations (Reducible). I am content, however, with the thrift shops I have now, and, equipped with the route optimized through optimization modeling, I can now add another penny to my retirement fund!BusinessBusiness – Other