Posted: October 3rd, 2022
create your own optimization model in Excel.
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Shown in Chapters 13 and 14, create your own optimization model in Excel. Think about the following concepts:
1. Decision variables- physical quantities controlled by the decision maker.
2. Objective function- Defines the criterion (reduce expenses, maximize profits).
3. Constraints- These are restrictions on the numerical values, which are assigned to the
decision variables.
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