It is a model that uses mathematical programming to find the optimum amount of optimization models. Thus, the optimization model is different from the valuation model is that it goes beyond just the assessment of proposed alternatives: It actually defines the "best" option. As an optimization model to achieve this impressive task? In this age of affordable computing power and more user-friendly software, you can build and use optimization models without a detailed understanding of the mathematics underlying the answer to this question. To really take advantage of this opportunity, however, you need to have a basic understanding of some basic concepts. The main purpose of this note is to introduce these concepts. This remark is very pragmatic; companion note "Mathematics Optimization" (UV4309) explores the deeper mathematical foundations of the concept and is designed for users with motivation and mathematical background for further study of the topic "Hide
By Robert I Carraway 39 pages. Publication Date: March 29, 2010. Prod. #: UV4308-PDF-ENG
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