October 2012
Intermediate to advanced
696 pages
34h 17m
English
Content preview from Operations Management: An Integrated Approach, 5th Edition
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SUPPLEMENT B
Introduction to Optimization
LEARNING OBJECTIVES
After completing this supplement you should be able to
Recognize decision-making situations that may benefit from an optimization modeling approach.
Formulate algebraic models for linear programming problems.
Develop spreadsheet models for linear programming problems.
Use Excel's Solver add-in to solve linear programming problems.
Interpret the results of models and perform basic sensitivity analysis.
SUPPLEMENT OUTLINE
Introduction B2
Algebraic Formulation B4
Spreadsheet Model Development B7
Solver Basics B9
Setting Up and Running Solver B9
Interpreting the Solution B13
Solver Solution Reports B14
Recap B16
Outcomes of Linear Programming Problems B16
Optimization within OM: How It All Fits Together B18
WHAT'S IN OM FOR ME?
Everyone, almost daily, solves optimization problems in informal ways by using mental models. If you ...
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