References: Bradley‚ S. P.‚ A. C. Hax‚ T. L. Magnanti. 1977. Applied Mathematical Programming. Addison-Wesley‚ Reading‚ MA. Hillier‚ F. S.‚ G. J. Lieberman. 2004. Introduction to Operations Research‚ 8th ed. McGraw Hill‚ Boston. Talluri‚ K.‚ G. van Ryzin. 2004. The Theory and Practice of Revenue Management. Kluwer‚ Boston. Tuck School of
Premium Airline Linear programming Pricing
Exam 2 Preparation Guidelines February 24‚ 2013 Exam 2 is scheduled for Tuesday 3/5. Coverage will include material identified on the syllabus through 2/28. The exam will be comprised of two parts: (1) multiple choice questions (and possibly a few true/false)‚ (2) short answers. The weight between parts I and II will likely be in the neighborhood of 50-50. I’m guessing that 80% or more of the exam points will based on content since exam 1 (i.e.‚ content in chapters 8‚ 10‚ and 11). The exam is closed
Premium Operations research Optimization Linear programming
Bibliography: 1. Bartle‚ Robert G. and Sherbert‚ Donald R. 1992: Introduction to Real Analysis‚ Wiley‚ New York. 3. Bazaraa‚ M. S. 1993: Nonlinear Programming‚ Wiley‚ New York. 4. Berberian‚ Sterling K. 1994: A First Course in Real Analysis‚ Spnnger-Verlag‚ New York. 5. Bertsekas‚ Dmiitri P. 1976: Dynamic Programming and Stochastic Control‚ Academic Press‚ New York. 8. Browder‚ Andrew‚ Halmos‚ P. R. and Axler‚ S. 1996: Mathematical Analysis: An Introduction‚ Springer Verlag‚ New
Premium Probability theory Linear programming Random variable
Optimal fab design and deployment‚ IEEE Trans Semiconduct Manufact 12 (1999)‚ 281–287. [6] S. Bermon and S.J. Hood‚ Capacity optimization planning system (CAPS)‚ Interfaces 29 (1999)‚ 31–50. [7] J.R. Birge‚ Option methods for incorporating risk into linear capacity planning models‚ Manufact Serv Oper Manage 2 (2000)‚ 19–31.
Premium Optimization Linear programming
REVISED M09_REND6289_10_IM_C09.QXD 5/12/08 12:01 PM Page 115 9 C H A P T E R Linear Programming: The Simplex Method TEACHING SUGGESTIONS Teaching Suggestion 9.1: Meaning of Slack Variables. Slack variables have an important physical interpretation and represent a valuable commodity‚ such as unused labor‚ machine time‚ money‚ space‚ and so forth. Teaching Suggestion 9.2: Initial Solutions to LP Problems. Explain that all initial solutions begin with X1 ϭ 0‚ X2 ϭ 0 (that
Premium Linear programming Optimization
Linear Programming: Using the Excel Solver Outline: We will use Microsoft Excel Solver to solve the four LP examples discussed in last class. 1. The Product Mix Example The Outdoor Furniture Corporation manufactures two products: benches and picnic tables for use in yards and parks. The firm has two main resources: its carpenters (labor) and a supply of redwood for use in the furniture. During the next production period‚ 1200 hours of manpower are available under a union agreement. The firm
Premium Spreadsheet Optimization Linear programming
modelling 5. Complex algorithms 6. Visualisation 7. Neural networks 8. Pattern recognition 9. Data mining‚ Data warehousing. OR can be used to support an indefinite number of business decisions. Typical application of OR • Capital Budgetting • Asset allocation • Fraud prevention‚ Anti money laundering
Premium Costs Operations research Optimization
Case Problem 2: Phoenix Computer Phoenix Computer manufactures and sells personal computers directly to customers. Orders are accepted by phone and through the company’s website. Phoenix will be introducing several new laptop models over next few months and management recognizes a need to develop technical support personnel to specialize in the new laptop systems. One option being considered is to hire new employees and put them through a three-month training program. Another option is to put
Premium Costs Linear programming Algorithm
this purpose it should either produce materials locally or purchase them from another textile firm or doing both actions . Table 1 : Production rates of suit materials Table 2 : Demand ‚ selling and purchase prices ‚ production cost (The linear programming model related to this maximization problem is expressed in 3 variables) S = super machine ; R = regular machine ; P = purchasing price Decision variables : S1 = number of Material type 1 manufactured by the super machines S2 = number of Material
Premium Optimization Profit maximization Manufacturing
Simplex Method Paper Simplex Method Paper Many people may be wondering exactly what the simplex method is. The simplex method definition is a method for solving linear programming problems. According to Barnett‚ Byleen‚ and Karl (2011) the simplex method is used routinely on applied problems involving thousands of variables and problem constraints. George B. Dantzig developed the simplex method in 1947. In this paper the topic of discussion includes how to solve a simplex method problem that
Premium Linear programming Optimization