August 2004
Intermediate to advanced
656 pages
15h 28m
English
The most complex situation, analytically, is when you have multiple alternatives with multiple decision variables.
Cost1 = F1(DecisionVariable1, DecisionVariable2, . . .)
Cost2 = F2(DecisionVariable1, DecisionVariable2, . . .)
. . .
This is similar to optimizing multiple alternatives with a single decision variable. The approach is to find the optimum point for each alternative (using whatever means is appropriate), and then choose the alternative with the best value at its respective optimum point.
Read now
Unlock full access